Daily Spot… Crude, so close and yet so far.

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))
Narrow ranging Monday continued to hold the maximum pullback limit that at least allows an accumulative pattern to form. But the behaving like an inside day does essentially require the rally to resume without much further delay if a deeper drop will be avoided.

Gold Dec Contract (GC, ETF: (GLD))
Monday”s initial weakness still held the 1125.70 pullback limit. The gap back to Friday”s 1133.00 close was filled but not recovered, so resuming the rally Tuesday all but requires launching earlier.

Silver Dec Contract (SI, ETF: (SLV))
Thursday and Friday”s test of the 14.55 bounce limit held, still needing to fill the gap back down to last Wednesday”s 14.35 opening gap before a recovery would be credible for extending higher.

30-year Treasury DecContract (US, ETF: (TLT))
Monday”s early probe above 155-24 was the buy signal”s third attempt to trigger. It wasn”t the most substantial attempt, but its rejection was the most substantial reaction down, attacking last week”s 154-00 low. The decline is on the precipice of resuming if a rally isn”t underway through Tuesday”s close.

Crude Oil Oct Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Coming to within 20 cents of my 37.55 target and then hovering sideways for the next session still does not qualify as accumulation. So, the three-day surge from there isn”t any more durable just because it has recovered $11, but that”s still difficult momentum to retrace. And now it has potential to test 50.10 before a substantial reaction down might form.

Natural Gas Oct Contract (NG, ETF: (UNG, UNL))
Gapping down Sunday night and extending lower tested last week”s lows around 2.65 without closing lower. That could qualify as the basis for a durable bottom, leaving no unfinished business below if a rally were to begin Tuesday.