Daily Spot… Bigger bounces.

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))
Gapping up Tuesday and extending higher is retesting the 1.1265 bounce limit, suggesting that a move down is unlikely, and likely at least to probe higher .

Gold Dec Contract (GC, ETF: (GLD))
Resuming the rally Tuesday is now another multi-session breakout, needing second consecutive session’s confirmation if a new uptrend is underway.

Silver Dec Contract (SI, ETF: (SLV))
Extending sharply higher Tuesday to test 16.00 doesn’t have any near-term higher objectives, and there’s still room for a pullback down 15.55 without reversing the trend down.

30-year Treasury Dec Contract (US, ETF: (TLT))
Initially following-through Tuesday on Monday’s break under the 157-24 sell signal was retraced to the signal itself, still needing confirmation that the trend is reversing down.

Crude Oil Nov Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Breaking higher from a multi-session range, even if only on news, still could be confirmed by a second consecutive higher close Wednesday. I’m otherwise not bullish.

Natural Gas Nov Contract (NG, ETF: (UNG, UNL))
Initial strength Tuesday didn’t extend. I still trust early strength as being credible for extending, but would also want to see the resolution of filling the gap back up to 2.52..