Daily Spot… Gold goes for the gold.

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 up extended a little higher before reversing back down through the balance of the session, albeit maintaining positive territory. An eventual third lower close in the pattern remains outstanding, and a corrective bounce now may have run its course.

Gold Dec Contract (GC, ETF: (GLD))
The two prior sessions did not form a stable base, but that didn’t prevent Thursday’s oversized reaction that probed above the rally’s 1141.50 target to almost 1156.50. Back under 1147.00 would stat to target 1138.70.

Silver Dec Contract (SI, ETF: (SLV))
Breaking higher during Thursday afternoon in delayed sympathy with Gold stopped pessimistically short of filling the gap back to Monday’s 15.20 close. That’s potentially bullish from a contrarian perspective.

30-year Treasury Dec Contract (US, ETF: (TLT))
Wednesday’s shallow pullback didn’t launched an overnight rally as a flight-to-safety triggered a gap up Thursday to test 157-04 resistance up to 157-16. Gapping down Friday could form an Island — a vulnerability if stocks extend Thursday afternoon’s recovery. But holding 156-04 would keep alive the upside momentum.

Crude Oil Nov Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Fresh lows for the resumed decline were printed Thursday, down to 43.70 during the afternoon, still likely to continue deteriorating.

Natural Gas Oct Contract (NG, ETF: (UNG, UNL))
Thursday’s EIA report was not being greeted from a position of strength, or from weakness. An initially negative knee-jerk reaction down under the two-day consolidation wasn’t required, but it would be likely to recover. The news reaction was down, and it did recover back into the range. Almost any higher high Friday would be credible for extending intraday.