Daily Spot… Bond bender.

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))
Friday”s odd detour was retraced a little more deeply into Monday”s open, testing 1.0945 as support what had been the prior downleg”s bounce limit. Its break would target new lows, so rejecting it and recovering without delay may be the only path higher.

Gold Dec Contract (GC, ETF: (GLD))
[Rolling coverage forward to Dec, which trades at a $0.50 discount to Aug] Flat-to-lower ranging supported by 1088.00 sat out conspicuously from otherwise volatile stock and bond market action. Back above 1100.00-1105.00 would be credible for extending sharply higher intraday. Delaying its recovery much past noon Tuesday would instead start to develop a new downleg.

Silver Sep Contract (SI, ETF: (SLV))
Dipping once again back under 14.75 Friday extended lower Monday to test 14.50 support, which should hold to maintain the 14.75 buy signal”s validity.

30-year Treasury Sep Contract (US, ETF: (TLT))
Hardly any hesitation interrupted extending the rally to within 8 ticks of its next higher attraction at 158-08. The rally remains intact so long as 156-24 now holds as support.

Crude Oil Sep Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Last week”s break under 148.25 targeting 144.25 was extending down already into Monday”s open, and extended down deeper intraday to test 145.10-145.15, which is the last support prior to the 144.25 target.

Natural Gas Aug Contract (NG, ETF: (UNG, UNL))
Bouncing overnight to attack the 2.77 buy signal was retraced Monday morning back down to Friday”s test of 2.70 support. Bouncing again from the filled gap was well within proximity to trigger 2.77 Tuesday if a deeper drop is to be avoided.