Daily Spot… Testing limits all over the place.

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))
The maximum pullback limit was probed Thursday, making a retest of fresh highs above 1.1800 much more difficult without either gapping up sharply to reject Thursday”s break, or else taking time to develop an accumulative pattern.

Gold Dec Contract (GC, ETF: (GLD))
Wednesday”s consolidation under the 1125.40 pullback limit didn”t extend down Thursday but the consolidation must now resolve up to confirm the pullback has been only temporary.

Silver Sep Contract (SI, ETF: (SLV))
Thursday”s surge back up to 14.55 resistance helps to begin forming a bottom that could launch a recovery without trending down to lower lows. But it is premature to begin recovering yet..

30-year Treasury Sep Contract (US, ETF: (TLT))
Fresh low finally reacted up intraday to test the 157-07 buy signal, which wasn”t recovered, much like the decline”s last two buy signals were attacked to within 1-2 ticks before resuming the decline.

Crude Oil Oct Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Thursday”s gap up trended considerably higher throughout the day, much more so than the bottoming pattern suggested was likely at this stage. Regardless of being so substantial the reversal attempt is too premature and impatiently formed to avoid a retest of the lows before completing a bottom.

Natural Gas Aug Contract (NG, ETF: (UNG, UNL))
.Thursday”s EIA report wasn”t being greeted from a position of strength, and the knee-jerk reaction up recovered to fill the gap back to Wednesday”s 2.69 close. But only temporarily, as the balance of the session drifted back down to the week”s lows testing 2.63. Early strength Friday above 2.69 would be credible for extending higher intraday.