Daily Spot… Reacting to payrolls.

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))
Friday”s knee-jerk reaction to the Employment Situation report spiked up through the 1.0920-1.0945 bounce limit to test 1.0980. Its retracement held above 1.0855 support, and then recovered to attack 1.0985. Closing above the bounce limit does undermine the decline”s momentum, which would be reinstated by closing back under it.

Gold Dec Contract (GC, ETF: (GLD))
Probing intraday under both 1087.00 and 1083.00 Friday was recovered by a surge up to attack 1100.00, holding 1094.00 as support to make a more successful probe above 1100.00 easier.

Silver Sep Contract (SI, ETF: (SLV))
Surging to attack 15.00 and holding a reaction down to 14.75 support makes a higher close Monday more credible for extending sharply higher intraday.

30-year Treasury Sep Contract (US, ETF: (TLT))
Friday”s Employment Situation report facilitated a test of the outstanding 158-08 target that attacked 158-16. Although no higher target is in-play, a pullback has room down to 157-08/157-20 before suggesting the rally”s momentum has peaked.

Crude Oil Sep Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Having failed to bounce Thursday from fulfilling the 44.25 target, fresh lows were likely, which Friday fulfilled incidentally by ranging narrowly.

Natural Gas Aug Contract (NG, ETF: (UNG, UNL))
Thursday”s EIA reaction had recovered from probing under 2.77 to test the 2.82 buy signal. Reacting back down to 2.77 Friday was recovered to attack 2.82. Confirming its recovery above 2.88 would be likely to trend sharply higher.