Daily Spot… Bonds better be a buy.

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 didn’t really exploit its opportunity to back-and-fill after Thursday’s confirmed breakout. Tuesday exploited the opportunity just a little more.

Gold Dec Contract (GC, ETF: (GLD))
Reacting down from attacking 1111.00 resistance Tuesday now creates a credible base for launching a durable rally leg, but the setup won’t tolerate much delay before resuming the decline instead.

Silver Dec Contract (SI, ETF: (SLV))
Tuesday’s narrow ranging around 14.35 was unnecessary since its attraction below was neutralized already, but not necessarily bearish so long as rallying becomes obvious Wednesday without much further delay.

30-year Treasury Dec Contract (US, ETF: (TLT))
Unfinished business below at 153-12 was satisfied by Tuesday’s drop, which first reacted up from fulfilling the objective and then broke another point under it to 152-19. Holding 152-30 as resistance would allow the break to extend down to 151-30.

Crude Oil Oct Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Still avoiding a rally leg Tuesday is more relevant to the pattern than not yet extending down sharply, which the pattern is vulnerable to doing at any time.

Natural Gas Oct Contract (NG, ETF: (UNG, UNL))
Probing a few cents higher overnight was retraced before Tuesday’s open, when a second consecutive higher close above 2.77 would confirm Monday’s breakout.