Daily Spot: Week ender.

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

Dollar Basket Dec (DXZ) Friday’s ranging did not alter Thursday’s bearish signal. The week’s initial three-day rally from one end of the range to the other had only neutralized the attraction above at 78.45. Potential remains alive to retest 76.65 before forming a more durable bottom.

Gold Dec (GCZ) The second day of a monstrous two-day rally forecast after Wednesday’s close finally fulfilled the retest of 1357.00. Potential remains alive for extending to 1363.00 or to 1366.00 before ending the corrective bounce.

30-year Treasury Dec (USZ) Thursday’s confirmation of Friday’s breakout close under 131’25 had entrenched sellers to allow room for a corrective bounce Friday. Since Friday did bounce, the drop’s hesitation should persist through Monday afternoon before resuming.

Crude Oil Nov (CLZ) Friday’s close under 81.50-81.55 signals the next downleg underway, which would be confirmed by closing Monday under Friday’s 80.55 low.

Natural Gas Nov (NGZ) The week-long bottoming pattern’s breakout above 3.80 Thursday did not hesitate Friday to fulfill its first target at 3.98-4.03. Natty Gas tends to repeat Friday’s character on Monday, so the current leg has great potential to also include the rally’s next target at 4.17.

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