Daily Spot… Gold’s glitter gone.

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))
The retest of Thursday”s 1.1414 gap up was fulfilled Sunday night, and again intraday Monday. Closing above 1.1455 would start to signal the rally is extending to 1.1635. Closing first back under 1.1295 would trigger a new downleg.

Gold Aug Contract (GC, ETF: (GLD))
Having never confirmed Thursday”s gap up Friday, Sunday night”s drop back under the 1197.00 sell signal extended down sharply intraday to attack 1181.50. Breaking under it and under 1179.00 would confirm a test of 1158.50 is in-play.

Silver Jul Contract (SI, ETF: (SLV))
The lower-end of the 16.15-16.35 resistance range was probed Monday, but only momentarily as the session essentially ranged around 16.15.

30-year Treasury Sep Contract (US, ETF: (TLT))
Gapping up Friday and extending intraday to probe the prior highs above 151-25 was overly-optimistic despite Thursday having fulfilled any remaining downside attraction. Monday”s gap down to 150-22 and intraday slide filled the gap back down to Thursday”s 149-23 close. Closing back above 150-08 would signal that the recovery attempt was resuming.

Crude Oil Aug Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Bouncing Sunday night to attack 60.70 resistance was retraced to spend Monday back within Friday”s narrow range around 59.75. Back above 60.70 would now qualify again as a buy signal, confirmed above 61.20.

Natural Gas Jul Contract (NG, ETF: (UNG, UNL))
Despite having recovered Friday from filling the gap back down to 2.74, Monday”s open gapped back down to range 1-2 cents under it through the morning. Back above 2.77 would now qualify again as a buy signal, confirmed above 2.83.