Daily Spot… Gold arching.

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))
Thursday’s gap down extended intraday to test the three prior sessions’ 1.1370 support. More backing-and-filling can’t be precluded before resuming the rally to its 1.1595 target.

Gold Dec Contract (GC, ETF: (GLD))
Trending up overnight and gapping up Thursday to within $4 of the target at 1191.70 reacted down into negative territory to 1174.00. Recovering nearly all of the post-open slide keeps alive the target, although I’m lowering it 20 cents to 1195.50.

Silver Dec Contract (SI, ETF: (SLV))
Despite having ignored Gold’s rally, Silver spiked down in tandem with Gold at Thursday’s open. But, like Gold, it was recovered entirely, relatively more so. Nevertheless, not extending higher aggressively would be unlikely to maintain any shallower gains.

30-year Treasury Dec Contract (US, ETF: (TLT))
Overnight highs touched the 159-22 room for noise above the 159-13. Trending back down from there at Thursday’s open then spent the balance of the session repeatedly testing the 158-23 gap that had attracted price higher. Back under 158-04 would signal momentum reversing down.

Crude Oil Nov Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Gapping down Thursday did not exploit Wednesday’s “ineffectual pessimism,” The morning’s EIA report kept price under pressure ranging at or under 46.00 for another ineffectual pessimism session.

Natural Gas Nov Contract (NG, ETF: (UNG, UNL))
Gapping up Thursday to a fresh recovery high at 2.58 was reversed down hard by the EIA report — back to and through the 2.48 “lower prior highs.” There’s still room down to 2.43 without launching a new downleg. Back above 2.52 would put into play a test of 2.67.