Daily Spot… False starts before big finishes.

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))
Probing overnight under 1.1075 proved that clinging to it Monday afternoon wasn”t actually rejecting its retest as support. Lower support at 1.1000 that still must break lower to signal a new downleg underway was attacked down to 1.1020.

Gold Dec Contract (GC, ETF: (GLD))
Retesting the 1112.00 pullback limit Tuesday probed under it to 1108.50 while Silver was substantially lower. But 1112.00 was recovered without a commensurate recovery in Silver, which suggests the rally will resume.

Silver Sep Contract (SI, ETF: (SLV))
Retesting 15.30 support under 15.15 extended down to attack 14.65 intraday Tuesday. Closing back above 14.90 would suggest the extra dip had been absorbed and that momentum was reversing back up.

30-year Treasury Sep Contract (US, ETF: (TLT))
Probing the 158-26 buy signal temporarily Monday was retraced back down toward the 157-14 sell signal Tuesday morning, and then a few ticks closer during the afternoon.

Crude Oil Sep Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
A new low was avoided Tuesday which allows a buy signal to be identified. Closing back above 43.55 would start to suggest that at least a corrective rally had begun, targeting at least 45.15. By the same token, a fresh low close under 41.15 would resume the decline, next targeting 37.15.

Natural Gas Aug Contract (NG, ETF: (UNG, UNL))
Trending down lower overnight to gap down Tuesday has jeopardized the trading range”s 2.77 lower-end from launching at least a retest of its 2.88 upper-end. Back above 2.77 would still be bullish.