Daily Spot… Not-so heavy metals.

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))
Firming further into the weekend provided a second consecutive higher close to confirm Thursday’s breakout. The minimum objective is at least an eventual third higher close. That’s likely to include a visit to prior highs above 1.1700.

Gold Dec Contract (GC, ETF: (GLD))
Thursday’s gap up was inappropriate, making a fresh low likely to test 1098.40. Friday’s 1097.70 lows fulfilled the objective, but reacted up only to test the 1103.80 prior low close without closing decisively above it.

Silver Dec Contract (SI, ETF: (SLV))
The long-awaited gap fill back down to 14.35 was fulfilled Friday. Probing under it by a dime reacted back up to 14.50, too shallow to signal momentum reversing up.

30-year Treasury Dec Contract (US, ETF: (TLT))
Gapping up Friday wasn’t likely to extend while the gap back to Wednesday’s 153-12 opening gap remained unfilled. Wednesday’s recovery high did hold Friday’s temporary probe above it.

Crude Oil Oct Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Thursday’s recovery from Wednesday’s fresh low was retraced somewhat overnight, and needed to close higher Friday to confirm the recovery had dodged a steeper decline.

Natural Gas Oct Contract (NG, ETF: (UNG, UNL))
Friday’s bounce back to the narrow range’s upper-end didn’t close above its resistance, greeting the weekend with no trending underway.