Daily Spot… Pre-weekend jockeying.

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 reaction to Wednesday’s plunge extended higher Friday to attack 1.1080, which is the maximum bounce limit. The balance of the session trended back down, presumably to fulfill the required retest of Wednesday’s low.

Gold Dec Contract (GC, ETF: (GLD))
Thursday’s probe under 1150.00 support extended deeper into Friday’s open to eventually test the next lower support at 1138.50. Closing back above 1150.00 would now signal the decline had ended.

Silver Dec Contract (SI, ETF: (SLV))
Thursday’s breakout under the multi-session range wasn’t confirmed by a second consecutive lower close Friday. That’s not a buy signal, but back above 15.85 would start to signal momentum reversing back up.

30-year Treasury Dec Contract (US, ETF: (TLT))
A second consecutive lower close Friday would have confirmed Thursday’s plunge had reversed the trend down. But the bounce didn’t recover what is now resistance at 156-18.

Crude Oil Dec Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Friday’s retest of Thursday’s probe above 46.00 up to 46.75 had held intraday, keeping the bounce’s momentum vulnerable to being reversed as the decline resumes. Post-close action did probe higher, but any early selling pressure Monday would be credible for resuming the decline.

Natural Gas Nov Contract (NG, ETF: (UNG, UNL))
Friday’s close above 2.31 fulfilled the minimum requirement to suggest momentum may be reversing up. Extending above 2.37 Friday is still needed to confirm.