Daily Spot…Volatility gets a jolt.

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))
Lower lows Tuesday night reacted up from 1.0855 support, which Wednesday retested reacted up, too. Although that was the decline”s original target, the current decline still stopped optimistically short of retracing entirely back down to prior lows. This suggests this is not just a retest of prior low, but a new downleg.

Gold Dec Contract (GC, ETF: (GLD))
Without gapping open either way Wednesday, the template”s symmetry has been invalidated. Closing under 1087.00 and 1083.00 with confirmation the following day puts into play fresh lows targeting 1062.00 and potentially also 1050.00. There is otherwise room back up to 1100.00 before signaling a rally underway

Silver Sep Contract (SI, ETF: (SLV))
Narrow ranging dipped to retest the 14.55 support that must hold tests to avoid launching a new downleg.

30-year Treasury Sep Contract (US, ETF: (TLT))
Wednesday extended Tuesday”s pullback, probing under the 156-24 pullback limit and testing the 155-16 sell signal. The day”s 155-07 low represents a 61.8% retracement of the latest upleg, which is an appropriate spot to launch a retest of the high up to 158-08 that satisfies remaining buying pressure.

Crude Oil Sep Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Initially firming further Wednesday came within a nickel of the 46.75 bounce limit before the EIA report triggered a return to fresh lows attacking the 44.25 target..

Natural Gas Aug Contract (NG, ETF: (UNG, UNL))
Wednesday”s gap up above Tuesday”s high was retraced 61.8% back into Tuesday”s range. Tuesday”s breakout wasn”t confirmed, but also not rejected, and back above 2.83 would now signal a rally leg is underway.