Daily Spot… Gold gets going.

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))
Friday”s recovery of the 1.0920-1.0945 bounce limit was extended Monday. While the decline may yet resume — and remains likelier to resume than to reverse the trend up — the door is open to a more substantial recovery. There is currently no active signal.

Gold Dec Contract (GC, ETF: (GLD))
Recovering back above 1083.00 and 1087.00 after probing under them intraday Friday was very bullish. That was confirmed by extending sharply higher from Monday”s open to probe above 1100.00 and 1105.00. The next confirmation is to close above 1112.00 upon touching it to put 1144.00 into play, rather than closing back under it.

Silver Sep Contract (SI, ETF: (SLV))
Extending sharply higher Monday after closing Friday above 14.75 has put into play 15.95-16.05 so long as 14.90 now holds as support.

30-year Treasury Sep Contract (US, ETF: (TLT))
Regardless of closing Friday above the 158-08 target, no higher target was put into play. Monday”s gap down to the 157-20 pullback limit extended lower from there to probe under the prior pullback limit at 156-24. The gap back up to Friday”s 158-18 close should be fulled at some point before a top can finish forming, but Monday”s drop can extend a little lower first down to 155-16.

Crude Oil Sep Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Sunday night”s open gapped down to a fresh low testing 43.35 and firmed ahead of Monday”s open, then through it to almost attack the 45.15 bounce limit, with potential for extending a corrective bounce to 46.75.

Natural Gas Aug Contract (NG, ETF: (UNG, UNL))
Gapping up Monday to the 2.83 buy signal and ranging around it intraday doesn”t qualify as triggering it. But extending through 2.88 Tuesday would be unlikely unless a rally were underway.