Daily Spot… Greece ripples effect.

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))
Sunday night”s gap down only attacked the prior Sunday”s 1.0981 opening gap before recovering back into positive territory at 1.1108. Its retracement stopped optimistically short of even touching the overnight low, but its reaction up was resisted by last week”s closes. Fresh lows remain likely so long as the 1.1120 bounce limit holds.

Gold Aug Contract (GC, ETF: (GLD))
Sunday night”s $6 gap up to 1174.00 had reacted down to 1162.00 before Monday”s open. That was recovered to attack 1174.00. It”s not optimal for a bottom, but back above 1175.00 would start to signal momentum reversing up.

Silver Sep Contract (SI, ETF: (SLV))
Sideways ranging continued avoiding whatever influences have been keeping gold under pressure. Closing at 15.75 which the past two weeks have repeatedly overlapped still keeps the decline from extending.

30-year Treasury Sep Contract (US, ETF: (TLT))
Sunday night”s flight-to-safety triggered a probe above last week”s 151-15 high up to 151-26. Its reaction down to 150-13 was recovered to a fresh post-open high. Back under 150-06 would signal momentum reversing down, eventually targeting fresh lows under 147-14.

Crude Oil Aug Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Fresh lows Sunday night tested support at 53.25 by more than a dime. And that was exceeded after the close down under 53.00. The decline”s momentum remains intact so long as bounces now hold 53.85 as resistance.

Natural Gas Aug Contract (NG, ETF: (UNG, UNL))
Filling the outstanding gap above Thursday and closing back under 2.83 prevented buyers from gaining traction. Gapping down to 2.77 support Monday doesn”t help sellers to gain traction, although the session simply ranged choppily sideways. There is no compelling setup in this pattern.