A daily summary of high-profile members of several complexes.
Gold Dec Contract (GC, ETF: (GLD))
failure to confirm opening surge extended down sharply overnight to test the pivotal 1288.00 level. Closing any lower would next target a complete correction to 1277.50-1280.50. Probing it intraday attacked 1283.00, which would allow a correction to end by rejecting a fresh low morning.
Eurodollar Dec Contract (EC, ETF: (FXE, UUP))
gap down from intraday round trip gapped down to attack 1.1760. Neither session extended down intraday -- firmed to attack 1.1830 close. Breaking under 1.1760 remains likely and likely to extend down sharply.
Silver Dec Contract (SI, ETF: (SLV))
Dipping to attack 17.30 support extended lower overnight to open at 17.11. Extending down lower through the morning tested 17.00, whose break would target 16.85.
30-year Treasury Dec Contract (US, ETF: (TLT))
Narrow ranging overnight found strength morning, recovering to attack 154-5highs. That's not yet sufficient to confirm the rally is resuming.
Crude Oil Nov Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Overnight strength stopped short of morning's high, and then morning dipped on peace seeming to break out between Iraq and the Kurds. The gap back down to 51.40 close was filled, neutralizing its attraction below, and maintaining the minimum 53.65upside objective.
Natural Gas Nov Contract (NG, ETF: (UNG, UNL))
Despite still having at least 1 cent remaining in its minimum pullback objective to 2.92, rallying overnight returned to the 3.00 pullback limit which had broken lower night. It was eventually probed up to 3.02, but the afternoon reacted down to 2.96, stopping optimistically short of filling the gap back to close, still having potential down to 2.89 and 2.82.