Daily Spot… Crude is done being done.

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))
Volatility in the wake of Friday’s tragedy didn’t extend the decline, further suggesting that a bottom is forming.

Gold Dec Contract (GC, ETF: (GLD))
Initially gapping up Sunday night was retraced back into the range. No further downside is required before launching a durable rally, which would be triggered by closing above 1089.00.

Silver Dec Contract (SI, ETF: (SLV))
Sunday night’s gap up was largely retraced, but not reversed. A retest of last week’s low is likely to hold while in the process of forming a bottom.

30-year Treasury Dec Contract (US, ETF: (TLT))
Gapping up Sunday night attacked the 154-10 limit whose recovery would signal momentum reversing up. Unless exceeded immediately Tuesday, the corrective bounce has likely ended and a fresh low is in-play.

Crude Oil Dec Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Another fresh low Monday was accompanied by RSIs diverging positively while the 39.95-40.00 target area was attacked to within a dime. The intraday reaction up back above 42.00 is credible at least for being a temporary corrective rally.

Natural Gas Nov Contract (NG, ETF: (UNG, UNL))
Gapping up to 2.37 Monday helped to serve by proxy for not having closed above it Friday along with 2.31. Closing above 2.41 is the confirmation that a new rally leg is underway.