Daily Spot… Euro rising.

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))
There was no more room or time allowed Thursday for further delaying an obvious recovery. Firming did produce a breakout above the multi-session range, now needing confirmation Friday from a second consecutive higher close.

Gold Dec Contract (GC, ETF: (GLD))
Wednesday’s drop to 1100.00 bounced overnight to gap up Thursday morning at 1110.00 resistance. Retesting Wednesday’s low down to 1098.50 would help to form a durable bottom to the recent pullback. Extending much higher too quickly could be too impatient to be maintained.

Silver Dec Contract (SI, ETF: (SLV))
Narrow ranging continued to avoid the unfinished business below at 14.35, while barely participating in Gold’s gap up, so trending is still not yet credible.

30-year Treasury Dec Contract (US, ETF: (TLT))
Overnight weakness stopped short of filling the gap back down to Wednesday’s 153-12 open. Two dips had attacked it to within a quarter-point before spiking up on the 30-year auction results. But that reaction melted away, keeping alive the attraction down to 153-12.

Crude Oil Oct Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Overnight follow-through to Wednesday’s weakness was recovered enough pre-open and extended higher enough post-open to keep alive potential for probing fresh highs soon. But that doesn’t allow room to hesitate in continuing to extend higher, to avoid a much steeper drop.

Natural Gas Oct Contract (NG, ETF: (UNG, UNL))
Gapping up Thursday from the range’s 2.65 lower-end and extending higher intraday to test the range’s 2.73 upper-end still hasn’t broken above the ongoing channel to trigger a rally leg underway.