Daily Spot… The bond’s head-fake (again).

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))
Having held the maximum pullback potential for two days, a recovery needed to be underway without further delay to recover the prior week”s decline without launching new downleg. Tuesday did begin firming, but not yet overtly enough to be confident a recovery has begun.

Gold Dec Contract (GC, ETF: (GLD))
Fresh highs overnight extended higher Tuesday morning to fulfill the 1147.40 bounce target. Its test reacted down, but closing above it with a second consecutive higher close for confirmation would put into play fresh highs above 1169.00”s original target.

Silver Dec Contract (SI, ETF: (SLV))
Resistance at 14.55 held tests Tuesday as the gap back down to last Wednesday”s 14.35 open still should be filled before a recovery attempt would be credible for extending.

30-year Treasury Dec Contract (US, ETF: (TLT))
Fresh lows overnight had recovered to gap up Tuesday morning. The gap up barely attacked the 155-24 buy signal before dipping back under Monday”s 154-08 low to fresh lows, albeit not quite back to the overnight low.

Crude Oil Oct Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Third day was not so charming, after all, as the three-day surge reacted down sharply Tuesday to weak economic data globally, testing 45.55 whose break would start to signal the rally”s momentum has peaked. Reversing momentum down would be signaled under 44.15-44.75. There is otherwise potential to retest Monday”s high up to 50.10.

Natural Gas Oct Contract (NG, ETF: (UNG, UNL))
Gapping up Tuesday from the range”s lower-end stopped pessimistically short of even touching 2.73. Extending higher early Wednesday would be credible for at least testing the 2.77 buy signal.