Daily Spot… No boundaries.

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 rally soared past the 1.1045 bounce limit to test 1.1120 by almost 40 pips. Closing back under 1.1075 would target 1.0990 just as a pullback. Closing under 1.1045 would have been likely to trend down sharply to at least retest recent lows.

Gold Aug Contract (GC, ETF: (GLD))
Overnight testing of the 1100.00 bounce limit reacted down before Monday”s open to retrace the post-close gain above Friday”s close back to the 10880.00 area. Another bounce was restrained by 1100.00 Monday, keeping the door open to reversing back down.

Silver Sep Contract (SI, ETF: (SLV))
Flat-to-higher narrow ranging Monday suggests a recovery could be delayed by retesting last week”s lows. But immediately rallying would be more credible by gapping up (i.e. rallying already overnight).

30-year Treasury Sep Contract (US, ETF: (TLT))
Falling stocks helped Sunday night”s rally extend to the 155-26 target. There is no requirement to trend any higher, but reversing down requires closing under 154-00.

Crude Oil Sep Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Probing under the 48.25 target that was met Thursday would have suggested the decline is extending to 44.25, except the session didn”t trend down. So, early trending Tuesday in either direction is likely to extend intraday.

Natural Gas Aug Contract (NG, ETF: (UNG, UNL))
Holding 2.77 support Monday didn”t attract sponsorship for a rally. Ignoring a second consecutive opportunity to break lower doesn”t prevent probing lower Tuesday. But hovering at support for so long does suggest that a break lower would be reversed more substantially in the opposite direction.