A daily summary of high-profile members of several complexes.
Gold Jun Contract (GC, ETF: (GLD))
Fresh lows Sunday night retested the original 1252.00 buy signal as support. Geopolitical unease triggered another surge attacking the 1262.00 resistance -- which held -- whose recovering would signal the rally had resumed.
Eurodollar Jun Contract (EC, ETF: (FXE, UUP))
Friday afternoon's fresh lows made fresh lows likely Monday, too. They were probed only briefly before closing positive to suggest a near-term bottom is forming. Closing higher Tuesday could avoid extending down to 1.0550.
Silver May Contract (SI, ETF: (SLV))
Friday's plunge was extended a little deeper overnight, avoiding a second consecutive lower close while still testing 17.90 support. But the 18.20inflection point must still be recovered to signal momentum is already reversing up.
30-year Treasury Jun Contract (US, ETF: (TLT))
Testing and teasing the 151-12 sell signal Sunday night ultimately produced a shallow bounce Monday morning, probably enabled by a flight-to-safety among geopolitical unease. There is little reason to further delay a break lower.
Crude Oil May Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Mid-East concerns enabled the rally to extend to within 40 cents of its minimum 53.55 target Monday. There is no pullback limit to keep the target in-play, but a pullback to 50.65 would be likely next if Tuesday were to probe any fresh high intraday and close negative.
Natural Gas May Contract (NG, ETF: (UNG, UNL))
Still no reliable pattern yet formed, as Monday morning weakened a little back into the recent range.