Daily Spot… Pullback day.

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))
Gapping down Thursday under 1.1120 was extended initially to attack 1.1075 to trying forming an Island Reversal setup. A recovery back above 1.1120 did avoid reversing momentum down.

Gold Dec Contract (GC, ETF: (GLD))
Wednesday”s rally revised the pullback limit up to 1112.00, which was tested at Thursday”s open and essentially through the balance of the day. It must hold in order to maintain the rally”s momentum.

Silver Sep Contract (SI, ETF: (SLV))
Thursday”s pullback held its test of Tuesday”s “lower prior highs” at 15.30, maintaining the rally”s momentum.

30-year Treasury Sep Contract (US, ETF: (TLT))
Attacking the 158-08 pullback limit into Wednesday”s close was immediately extended at Thursday”s open. The session basically consolidated under 158-08 down to 157-14, whose break would have signaled the trend reversing down.

Crude Oil Sep Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Without even threatening to recover, fresh lows have now pierced 42.00. The breakout close immediately follows an unconfirmed breakout close, which makes Friday less likely to close lower. But that”s not yet to be taken as bottoming, as the sequence can repeat indefinitely while price continues sliding.

Natural Gas Aug Contract (NG, ETF: (UNG, UNL))
Thursday”s EIA report triggered a spike down through 2.88 to attack 2.83, which gradually weakened from there back through Tuesday”s prior low to test 2.77. Closing back above 2.83 would signal the rally had resumed.