Daily Spot… Bond bounce bids buh-bye.

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))
The narrow consolidation didn”t bounce any higher — let alone up to 1.1250-1.1275 — before trying to resume the decline Friday. Tuesday”s 1.1146 prior low was tested as support through the afternoon, undermining whether the decline has resumed, which is difficult after so shallow of a corrective bounce.

Gold Aug Contract (GC, ETF: (GLD))
Fresh lows before and after Friday”s open down to 1167.00 didn”t prevent bouncing back into positive territory through the afternoon. But the decline”s momentum remains intact.

Silver Jul Contract (SI, ETF: (SLV))
Gapping down Friday probed fresh lows down to 15.45 but recovered back to the ~15.75 open and above the week”s prior lows, undermining the break”s momentum.

30-year Treasury Sep Contract (US, ETF: (TLT))
Friday”s gap down through 148-20 extended down sharply intraday to fresh lows at 147-11. So long as 147-30 holds as resistance and Monday closes negative to confirm Friday”s breakout, the next lower objective in-play is 146-04.

Crude Oil Aug Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Fresh lows overnight gapped down Friday to test 58.75 before reversing back up into positive territory. Closing back above 60.30 would start to signal momentum reversing up, still needing confirmation above 61.20.

Natural Gas Aug Contract (NG, ETF: (UNG, UNL))
[Rolling coverage to Aug which trades at a 1-cent premium from Jul] Friday”s gap down to 2.78 as support reacted up to Thursday”s 2.82 open. A fresh low intraday struggled to recover 2.78 into the close. Closing above would signal a new rally leg underway 2.84.