Daily Spot: Week ender.

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

Dollar Basket Dec (DXZ) The Employment Situation report’s surprise raises the risk of printing more dollars. That extended the pullback to a third day. Dropping sharply into a late-morning low. That specific Friday action delays a serious recovery attempt until either Monday afternoon or Wednesday.

Gold Feb (GCG) The corrective bounce’s momentum remained intact despite buyers not gaining traction for their efforts. Filling the gap back to 1407.00 remained possible so long as sellers did not push back. Friday’s reaction to the Employment Situation report met the next objective, which held as resistance through the close. A close under 1398.00 would signal again that buyers gained no traction. A close under 1381.00 would signal momentum reversing down to trigger a new downleg.

30-year Treasury Mar (USH) After gapping down to a new relative low at 124’18, the Employment Situation report triggered a spike up to 125’22. But no more than an obligatory bounce off 124’18 was possible, so the session eventually fell back to the open’s low. The new low close for the week and 124’18‘s influence confirm the trend remains down.

Crude Oil Jan (CLF) The bubble-like rally’s momentum remained intact so long as 87.50 was broken as support. Higher highs probed 89.00. The rally’s momentum remains intact so long as 88.40 holds as support, its next higher objective being 90.40. A close under 87.90 would signal momentum reversing down.

Natural Gas Jan (NGF) Friday’s choppy sideways range held another dip to recover back above 4.31. Sideways ranging Monday morning would be appropriate for the pattern’s timing, whose next rally leg should begin either Monday afternoon or Wednesday.

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