Daily Spot… Ranges setting in?

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))
Wednesday’s bounce obviously didn’t fulfill Monday’s confirmed breakout which now requires at least an eventual third lower close under Tuesday’s low.

Gold Dec Contract (GC, ETF: (GLD))
Gapping up Wednesday peaked upon testing the decline’s bounce limit, only ranging sideways intraday, and unlikely to resume the rally without another dip first.

Silver Dec Contract (SI, ETF: (SLV))
Flat-to-narrow ranging Wednesday increased the likelihood for at least a slightly lower low testing 14.65.

30-year Treasury Dec Contract (US, ETF: (TLT))
Tuesday’s “ineffectually optimistic” retest of resistance above 156-00 was retraced Wednesday down to 154-22, which is still short of the gap back down to 153.24 but still confirms resistance isn’t ready to break higher.

Crude Oil Nov Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Wednesday’s EIA report kept price under pressure attacking 44.50, and certainly not resuming or extending the rally.

Natural Gas Oct Contract (NG, ETF: (UNG, UNL))
Initially dipping at Wednesday’s open extended the narrow sideways ranging at the lows without signaling any rally soon.