Daily Spot… Spotlight on the Euro.

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 consolidation had been supported by 1.0945 pullback limit, which was finally probed Tuesday afternoon back to Friday”s 1.0900 low. So long as 1.0930 now holds as resistance, the 1.0835 low”s retest is in-play, probably on the way to lower lows.

Gold Dec Contract (GC, ETF: (GLD))
Tuesday”s ranging was even narrower than Monday”s, both of which held above 1087.00 support, despite an overnight drop to 1080.00. The complacency is problematic to the pattern, as its timing requires a resolution to have been obvious before Tuesday”s noon hour. This delay often resolves by gapping sharply in either direction, i.e. trending sharply overnight.

Silver Sep Contract (SI, ETF: (SLV))
Monday”s dip to 14.55 support was probed overnight but recovered in time for Tuesday to remain firm. But the recovery must extend back up through 14.75 to suggest that a rally leg may be underway.

30-year Treasury Sep Contract (US, ETF: (TLT))
Gapping down slightly Tuesday didn”t extend down intraday, hovering above the rally”s 156-24 pullback limit, after Monday”s highs came within 10 ticks of the next higher attraction at 158-08.

Crude Oil Sep Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Overnight firming was maintained into Tuesday after Monday”s lows held a test of 45.15, which is the last objective along the path targeting 44.25.

Natural Gas Aug Contract (NG, ETF: (UNG, UNL))
Gapping up above 2.77 quickly tested 2.82 and peaked there, weakening intraday to attack 2.77 as support. Closing Wednesday above Tuesday”s high would be credible for signaling a new rally leg underway.