Daily Spot… Resting the trends.

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))
Monday”s test of 1.1075/1.1120 resistance was gapped down Tuesday, testing 1.1030 whose break would target 1.0910 and possibly fresh lows.

Gold Aug Contract (GC, ETF: (GLD))
Overnight weakness didn”t extend down Tuesday, but neither was it recovered. At least an attack on recent lows is still needed before a more substantial rally leg triggered above 1105.00 would be very credible.

Silver Sep Contract (SI, ETF: (SLV))
Tuesday”s weakness might have been sufficient to stretch the rubber band deeply enough to launch a more substantial rally effort, which would be triggered back above 14.75.

30-year Treasury Sep Contract (US, ETF: (TLT))
Monday”s reaction down from fulfilling the 155-26 target resolved in gapping down Tuesday, but the gap back up to Monday”s 155-08 close should still be filled before a more substantial downleg would be credible.

Crude Oil Sep Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Fresh lows overnight attacking 47.00 were recovered into positive territory before Tuesday”s open. That failed to extend through 48.25, which was the decline”s last target, or back above 49.25 which would start to signal a rally is underway.

Natural Gas Aug Contract (NG, ETF: (UNG, UNL))
Firming early Tuesday from Monday”s test of 2.77 support was retraced entirely back to Monday”s close, but not into negative territory. Closing above 2.88 would signal the consolidation had ended and a new rally leg is underway.