A daily summary of high-profile members of several complexes.
Gold Jun Contract (GC, ETF: (GLD))
Rejecting Thursday's intraday probe above the 1261.50 "higher prior low" had only signaled upside momentum was lapsing, but not that it was necessarily reversing down. Friday's narrow ranging didn't fill that void.
Eurodollar Jun Contract (EC, ETF: (FXE, UUP))
Thursday's dip that filled the gap back to Tuesday's close had held its support. Rallying overnight gapped up to and through Thursday's high to probe fresh highs. There is no reversal signal.
Silver Jul Contract (SI, ETF: (SLV))
Rallying overnight more than a dime above 16.75 resistance had stopped several cents short of touching Wednesday's Island. Still, closing back under 16.75 and lower would be helpful confirmation that the reversal down is in-play.
30-year Treasury Jun Contract (US, ETF: (TLT))
Maintaining the rally's momentum requires holding the 153-11 pullback limit, which was attacked to within 1 tick Friday morning. There's still room for a lower low at 152-26, but that wouldn't be optimal for resuming the rally in the near-term.
Crude Oil Jun Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Two separate nights' dips to 48.05 had been recovered up to 49.50 before extending higher to attack 50.50Friday. The gap up helps to prevent immediately reversing the trend back down, but a second consecutive higher close Monday is still needed to suggest a durable breakout is underway.
Natural Gas Jun Contract (NG, ETF: (UNG, UNL))
Friday's gap up to and through 3.21 reached resistance at 3.27, which has no bearish excuse not to reject without further delay and to resume the decline targeting 3.11 and lower.