Daily Spot… Bond bouncis back.

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 down Friday was unlikely to trend down durably, since Thursday”s gap up above all prior highs would like to be filled regardless of the eventual resolution. In fact, the gap back to Thursday”s 1.1380 close was filled. All requirements for higher closes have been fulfilled.

Gold Aug Contract (GC, ETF: (GLD))
Friday morning”s price action was confined within Thursday”s narrow post-open range, neither extending nor confirming its break, but also not yet rejecting it.

Silver Jul Contract (SI, ETF: (SLV))
Thursday”s reaction down from the upper-end of its 16.15-16.35 range to its lower-end was followed by a spike down Friday morning that recovered back up to 16.15. There is no active signal.

30-year Treasury Sep Contract (US, ETF: (TLT))
Thursday”s thorough retest of 149-16 avoided closing under it, satisfying all influential selling pressure. That did not equate to a buy signal, which would trigger above 150-10. But its recovery overnight gapped up into Friday”s open and surged to probe 151-25 resistance that had contained the week”s prior highs. A second consecutive higher close on Monday would prevent retesting the 150-00 area.

Crude Oil Aug Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Holding Thursday”s test of 60.70 resistance and stopping short of the 61.20 buy signal didn”t equate to being a sell signal. But Friday”s open gapped down and the session ranged choppily sideways.

Natural Gas Jul Contract (NG, ETF: (UNG, UNL))
Slightly lower lows at Friday”s open quickly filled the gap back to 2.74 before reversing back up into positive territory to test 2.82 resistance, whose recovery would resume the rally.