Daily Spot… Bonds — buy-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))
Friday’s reaction down from probing the 1.1265 bounce limit extended down Monday through the 1.1213 sell signal to put into play fresh lows targeting 1.1045 and potentially also 1.0900. A second consecutive lower close under 1.1190 would confirm.

Gold Dec Contract (GC, ETF: (GLD))
Extending its pullback to test 1130.00 Monday morning was quickly recovered back above 1133.50 to suggest the rubber band was snapping back up to resume the rally. But a second consecutive higher close didn’t confirm the breakout underway.

Silver Dec Contract (SI, ETF: (SLV))
Gapping up and extending sharply higher Monday now requires that pullbacks hold 15.55 to maintain the rally’s momentum.

30-year Treasury Dec Contract (US, ETF: (TLT))
After closing Friday while testing Thursday’s high, gapping down Monday within Friday’s range doesn’t require filling the gap back up to Friday’s close before extending down, which is suggested by closing under 157-24.

Crude Oil Nov Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Surging above 46.00 through Monday’s open attacked 47.00, but didn’t signal the trend breaking higher. The ongoing narrow consolidation remains vulnerable to breaking lower, initially targeting 42.80 and potentially probing last month’s lows.

Natural Gas Nov Contract (NG, ETF: (UNG, UNL))
Monday avoided piercing any prior low and only ranged flat-to-higher. Early above 2.48 Tuesday would be credible for extending higher intraday, so long as 2.44 were to hold any test as support.