Daily Spot… Resuming their 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))
After Friday had maximized the corrective bounce potential, initially firming Monday did not extend and only ranged narrowly under Friday’s high. Retesting last week’s low is likely so long as 1.1100 isn’t recovered.

Gold Dec Contract (GC, ETF: (GLD))
Despite having held the 1138.50 pullback limit Friday, gapping down slightly to fresh lows extended intraday to 1132.50. A bounce can now test 1141.50 without reversing the trend up.

Silver Dec Contract (SI, ETF: (SLV))
Thursday’s breakout wasn’t confirmed Friday, but Monday’s open still gapped down and extended to 15.25, much further below the 15.85 buy signal.

30-year Treasury Dec Contract (US, ETF: (TLT))
Gapping down slightly Monday soon probed a couple of ticks under Thursday’s 155-21 prior low down to try resuming the decline.

Crude Oil Dec Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Several days of testing the 46.00 bounce limit may have begun resolving down with Monday’s weaker open. Momentum didn’t actually reverse down, but the recovery attempt cannot afford any further delay if it is valid.

Natural Gas Nov Contract (NG, ETF: (UNG, UNL))
Closing above 2.31 Friday allowed a second consecutive higher close Monday above 2.37 to signal a new rally leg already underway. But the open gapped down and the session was spent consolidating within the recent range. Recovering 2.37 would still be bullish, but also needing a second consecutive higher close to confirm.