Daily Spot… Fallout.

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))
Fresh highs overnight were retraced by Friday’s reaction down that retraced 61.8% of Thursday’s range, correcting the rally but not reversing back down.

Gold Dec Contract (GC, ETF: (GLD))
Testing the rally’s 1141.50 target to within 20 cents created a reaction down that failed to hold its 1139.20 pullback limit, suggesting the rally’s momentum has now lapsed.

Silver Dec Contract (SI, ETF: (SLV))
Fresh highs Friday morning tested 15.45 before reversing back down under 15.25, and also under the 15.10 pullback limit. Another buy signal must be generated before resuming the rally.

30-year Treasury Dec Contract (US, ETF: (TLT))
Closing above 152-30 Friday had signaled momentum reversing up, and gapping up sharply Friday extended even higher to retest Monday’s prior highs u to 155-24.

Crude Oil Oct Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Not confirming Wednesday’s break higher to 47.70 Thursday was vulnerable to reversing down without delay, which Friday seems to have begun doing by dropping to 42.25.

Natural Gas Oct Contract (NG, ETF: (UNG, UNL))
Recovering back within the channel Thursday didn’t prevent Friday from retesting Thursday’s 2.60 intraday low. It held, but it wasn’t rejected, and must still recover at least 2.68 to signal momentum reversing up.