Daily Spot… (re-sending)

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 decline resumed Friday, trending down to the lowest levels since first recovering from the Brexit reaction, still targeting a retest of the Brexit reaction’s 1.0945 lows.

Gold Aug Contract (GC, ETF: (GLD))
Closing above 1325.50 and 1329.00 Thursday didn’t prevent gapping back down under both Friday. If not recovered intraday, then the gap back up to Thursday’s close becomes an attraction above. But its recovery is needed before being assured that the pullback’s bottom has ended.

Silver Jul Contract (SI, ETF: (SLV))
Gapping back down Friday under 18.75 ranged around it intraday instead of extending lower. Closing back above 18.85 and higher would signal the pullback had ended, and a retest of the highs was underway.

30-year Treasury Sep Contract (US, ETF: (TLT))
Holding the 171-22 buy signal Thursday didn’t prevent probing above it overnight to 172-09. Its reaction down into Friday’s open bounced off of 170-22 to probe above the overnight high. Closing above 173-04 would confirm a recovery leg underway targeting 176-10.

Crude Oil Sep Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
The long-standing 43.80 target was met.Friday morning, even before the afternoon’s bearish rig count data. Closing above 44.25 would suggest the decline would start bottoming. Closing under 43.65 would signal the decline was extending

Natural Gas Sep Contract (NG, ETF: (UNG, UNL))
Two consecutive sessions of holding the maximum 2.65 pullback limit were squeezed Friday by the weekend’s impending illiquidity, surging to attack the 2.80 buy signal. Recovering it and 2.85 would signal and confirm the 2.98 prior high’s retest was underway, and likely to be probed.