Daily Spot… Setting up for big moves,

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 ranging around Thursday’s 1.1370 lows still didn’t reverse the trend down, and allows the rally to resume at any time.

Gold Dec Contract (GC, ETF: (GLD))
Reacting down overnight into Friday’s open thoroughly tested the 1179.50 pullback limit, which keeps alive potential for a fresh high that fulfills the 1195.50 target.

Silver Dec Contract (SI, ETF: (SLV))
Dipping again in sympathy with Gold has still not reversed the trend down. Extending higher modestly would be toppy, while an aggressive probe of fresh highs would be much more reliable for extending higher.

30-year Treasury Dec Contract (US, ETF: (TLT))
Friday’s “inside day” didn’t reverse the week’s bounce to resistance, but neither was the bounce confirmed. The sell signal remains at 158-04.

Crude Oil Nov Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Gapping up Friday to test 47.40 was recovered after an intraday dip, but it stopped short of rejecting the two prior sessions’ pessimism. Back under 46.10 would signal a new downleg underway. The bounce can otherwise extend up to 49.05.

Natural Gas Nov Contract (NG, ETF: (UNG, UNL))
Thursday’s reaction down didn’t hold 2.44 Friday, and extended down to the two-week old prior low at 2.41. Any immediate bounce here would be considered only obligatory and temporary and likely to fail.