Daily Spot… Commodity crush not repeated.

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))
Tuesday”s post-close surge above the fresh low”s 1.1000 bounce limit was extended Wednesday to attack the prior low”s 1.1120 bounce limit. Tuesday”s breakout wasn”t confirmed, but its session should still be tested before considering whether a durable rally leg were underway.

Gold Aug Contract (GC, ETF: (GLD))
A slightly lower low Tuesday night attacking 1146.00 was recovered Wednesday morning to the 1163.00 buy signal. Any early strength Thursday would be credible for extending higher intraday.

Silver Sep Contract (SI, ETF: (SLV))
Flat-to-higher ranging Wednesday avoided confirming Tuesday”s breakout, making any early surging likely to extend higher intraday.

30-year Treasury Sep Contract (US, ETF: (TLT))
Wednesday didn”t gap down at all, let enough to form an Island out of Tuesday”s pattern. At least an eventual third higher close is required, and any interim pullback is likely to be recovered.

Crude Oil Aug Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Holding Tuesday”s low is critical to maintaining the recent decline as only a temporary correction. Firming ahead of Wednesday”s session helped to absorb intraday selling pressures, avoiding fresh a low. The EIA report had little if any impact.

Natural Gas Aug Contract (NG, ETF: (UNG, UNL))
Surging through Wednesday”s open peaked upon attacking 2.77 and reversed down to pierce Tuesday”s 2.68 low. Thursday”s EIA report is being not being greeted from a position of weakness. Closing back above 2.77 is needed to suggest any negative knee-jerk reaction down was recovered.