A daily summary of high-profile members of several complexes.
Gold Dec Contract (GC, ETF: (GLD))
low had left only $1 of room to fully test the 1277.50-1280.50 pullback target, but overnight action fulfilled it to within a dime. open was already testing the 1288.88 buy signal, and probing it by up to $4, so not actually triggering it would be as bearish as it would have been bullish.
Eurodollar Dec Contract (EC, ETF: (FXE, UUP))
gap up extended higher to 1.1895 before reversing back down to its 1.1870 opening print. Gapping open back to and through ~1.1835 close would resume the decline.
Silver Dec Contract (SI, ETF: (SLV))
Holding 17.00 allowed closing back above 17.11 to signal the correction had ended. gap up to 17.11 extended higher through the morning.
30-year Treasury Dec Contract (US, ETF: (TLT))
open gapped up to the 153-14 buy signal that had been probed by gap down to 152-26 "lower prior highs." Trending up through the morning filled the gap back to 154-02 close. Closing any higher would confirm the recovery was extending higher.
Crude Oil Nov Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Gapping down to attack 51.00 needed to close back above 51.55 for the 52.55 target to remain intact. The intraday bounce tested 51.55 by a dime.
Natural Gas Nov Contract (NG, ETF: (UNG, UNL))
Greeted EIA report from a position of weakness. So the knee-jerk reaction's blip-up to 2.88 reversed down sharply through the 2.82 objective to fresh lows at 2.77. Closing back above 2.84 does begin to s the trend is at least bottoming.