Daily Spot: Week ender.

A weekly summary of one complex, including daily updates of other developments elsewhere.[pay]

Dollar Basket Dec (DXZ) Friday’s opening gap up fulfilled the 80.50 target and then ranged narrowly through the close. Pullbacks must now hold 80.10 on a closing basis to maintain this leg’s potential to 81.50.

Gold Dec (GCZ) Friday’s gap down under 1365.00 spiked down to 1350.00 and spent the rest of the session edging back up to 1365.00. A Close under 1356.00 would signal the downleg had resumed. Otherwise, there is potential for filling the gap back up to 1372.00.

30-year Treasury Dec (USZ) Wednesday’s steep intraday decline encompassed Friday’s range to form an “inside day.” Despite it gapping up and closing positive, buyers gained no traction. The “ineffectual optimism” is in-line with Wednesday’s premature bottom that failed to test 126’00. The bounce has room to test 128’00 (+/- 2 ticks) without jeopardizing the downleg that is otherwise underway.

Crude Oil Jan (CLF) The room for a dip down to 83.00 was used by Friday’s opening gap down. The balance of the session bounced to fill the gap back up to Wednesday’s close. Now a downleg would be triggered by closing under 83.30 without also probing and recovering 83.00. Closing above 84.25 would trigger a bigger bounce.

Natural Gas Jan (NGF) Friday’s opening gap up was retraced entirely, but that wasn’t bearish. Rather, its dip filled the newly created gap back to Wednesday’s close that might otherwise have inhibited a rally. Sellers have yet to regain traction, so the rally is free to resume without delay. That said, Mondays in Natty Gas often duplicate Friday’s action.

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Daily Spot coverage schedule is: Currencies (Mon), Metals (Tue), Energies (Wed), Rates (Thu), Softs (Fri, coming).