A daily summary of high-profile members of several complexes.
Gold Dec Contract (GC, ETF: (GLD))
Although brief probe of fresh lows had been retraced while failing to gain traction, night's bounce to 1288.00 resistance was premature for already launching a recovery. gap up wasn't any likelier to extend, still likely at least to fill the gap back down to close, potentially down to 1269.50.
Eurodollar Dec Contract (EC, ETF: (FXE, UUP))
Firming night held up through morning to avoid resuming the decline, and the anticipated break back under 1.1760, which remains likely so long as bounces hold 1.810
Silver Dec Contract (SI, ETF: (SLV))
night's test of 16.90 was exceeded morning to probe above 17.00. Holding a test of the decline's 16.50 target does allow a bottom to form, although a test of 16.60 as support would help to make a recovery more credible.
30-year Treasury Dec Contract (US, ETF: (TLT))
shallow range hovered just above the 151-18 pullback objective that would help to fully form a bottom. Its test remains likely, although not already resuming dip does make a rally effort likely within the next two sessions. Closing above 152-20 would be credible for extending higher.
Crude Oil Nov Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
break wasn't from a multi-session range, so wasn't capable of confirming it. So, ranging narrowly intraday -- instead of extending down -- doesn't reject the downside momentum. A recovery should be obvious to avoid lower lows.
Natural Gas Nov Contract (NG, ETF: (UNG, UNL))
Extending down under the 2.89 target already had prevented from recovering. Fresh lows were likely, but closing positive could have then suggested a bottom was forming. The morning's fresh lows down to 2.83 consolidated through the afternoon but did not recover.