Daily Spot… Still in the throes.

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))
Tuesday”s pullback took advantage of the confirmed breakout, which is targeting a probe above 1.1800. The objective need not be done immediately, although the pullback to 1.1400 seems substantial enough to satisfy near-term selling pressure.

Gold Dec Contract (GC, ETF: (GLD))
Fulfilling the 1169.00 target Monday had reacted down through the close, and then deeper overnight to 1134.00. The pullback could test 1130.50 or 1125.50 before signaling the trend has reversed down. Otherwise, back above 1147.50 would launch a retest of 1169.00.

Silver Sep Contract (SI, ETF: (SLV))
Testing 14.65 a little more deeply Tuesday was still overlapping it, and in any case still not rejecting it and recovering. Back above 14.90 should extend higher to extend a further decline.

30-year Treasury Sep Contract (US, ETF: (TLT))
The reaction down from Monday morning”s 163-00 high extended deeper Tuesday by gapping down and falling to 157-20. The gap back to Monday”s 161-26 open should still be retested while forming a more durable top, which would be triggered back above 159-10.

Crude Oil Oct Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Gapping up Tuesday didn”t extend higher, and didn”t even fill the gap back to Friday”s 40.30 close, only spending the session ranging narrowly. Having come within 20 cents Monday of the 37.55 target, a bottom can now form by probing under Monday”s low and closing above Tuesday”s 39.90 high. .

Natural Gas Aug Contract (NG, ETF: (UNG, UNL))
Gapping up and ranging sideways Tuesday left no unfinished business below. Firming early Wednesday above Tuesday”s high would be credible for trending higher intraday.