Daily Spot… a lot of waiting patterns.

A daily summary of high-profile members of several complexes… View a more detailed discussion of each chart at the end of today”s Market Wrap.

Eurodollar Sep Contract (EC, ETF: (FXE, UUP))
Monday”s ongoing test of the decline”s 1.0855 target reacted up Tuesday to probe the 1.0920 bounce limit up to 1.0970. That”s a wide margin, and creates a lot of room to absorb selling pressure if Wednesday were to fill the gap back down to 1.0855 and lower. There is otherwise no active buy signal.

Gold Aug Contract (GC, ETF: (GLD))
Overnight and pre-open ranging around 1100.00 narrowed intraday Tuesday, but persisted nonetheless. Probing under it would be likely to retest Sunday night”s low down to 1076.50. Back above 1122.20 first would be bullish.

Silver Sep Contract (SI, ETF: (SLV))
Choppy but flat ranging around 14.80 Tuesday absorbed Sunday/Monday”s shock to the system from its sympathy to Gold”s flash crash. There is no active signal.

30-year Treasury Sep Contract (US, ETF: (TLT))
Gapping down slightly Tuesday and probing under 151-14 was reversed into positive before territory by noon, keeping alive the upward momentum and its potential to 154-00.

Crude Oil Aug Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Monday”s fresh low under 50.00 was initially retraced overnight into Tuesday”s open. The session ranged narrowly sideways, still likely to break lower targeting 48.00.

Natural Gas Aug Contract (NG, ETF: (UNG, UNL))
Monday”s recovery back above the 2.83 pullback limit was extended overnight to probe above Monday afternoon”s recovery high. Gapping up to immediately test 2.88 was the beginning of an entire session consolidating narrowly at 2.88. But since closing Tuesday above 2.83, Wednesday should confirm.