Daily Spot… Mixed energy.

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 rally was denied a second consecutive higher confirming close. But Friday was still constructive to forming a bottom. Its gap down created an attraction back up to Thursday’s close, and its low filled the gap back down to Wednesday’s 1.0665 close. Closing back above the 1.0680 prior low would have been optimal, but almost any initial strength Monday would be credible for extending higher.

Gold Dec Contract (GC, ETF: (GLD))
Overnight strength settled back intraday to range between the decline’s 1074.50-1082.00 target range, closing lower on the day but still potentially basing.

Silver Dec Contract (SI, ETF: (SLV))
Thursday night’s surge was retraced Friday back down to the range’s lower-end at 14.00.

30-year Treasury Dec Contract (US, ETF: (TLT))
Intraday weakness touched what had been support at 154-10 and held, but didn’t close positive, which left Thursday’s breakout unconfirmed.

Crude Oil Jan Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Initial weakness reacted up sharply intraday. Perhaps it helps to confirm that sellers aren’t being attracted to current levels. But it is also reminiscent of a last-minute risk premium for weekend geopolitical uncertainties. At least an obligatory probe of fresh lows is likely if Monday doesn’t immediately extend Friday’s bounce, for whatever reason.

Natural Gas Nov Contract (NG, ETF: (UNG, UNL))
Frideay fell on further consequences to not triggering a buy signal after Thursday’s EIA report. Now two consecutive closes under a multi-session range require there be at least an eventual third lower close before a recovery would be credible.