A daily summary of high-profile members of several complexes.
Gold Dec Contract (GC, ETF: (GLD))
The original 1277.50-1280.50 pullback target had been attacked as support and then probed entirely night into morning's attack on 1273.50. A Fed-related headline triggered a spike up into positive territory above 1280.50 to suggest sellers are trapped. Closing higher -- preferably above 1288.00 would reverse the trend up.
Eurodollar Dec Contract (EC, ETF: (FXE, UUP))
Slipping further night retraced the balance of last week's interim bounce from 1.1775. The next lower objective at 1.1760 remains in-play, as well as its likely break.
Silver Dec Contract (SI, ETF: (SLV))
night's weakness initially held 16.95 low, but morning attacked 16.85. A Fed-related headline triggered a spike up into positive territory testing 17.11. Closing above 17.30 is still necessary to sealing a bottom, but closing above high would be credible for extending higher.
30-year Treasury Dec Contract (US, ETF: (TLT))
Narrow choppy ranging overnight firmed at one point morning up to 152-20. Its recovery would be compelling for starting to reverse momentum up, but the actual buy signal remains 153-00, or else a deeper dip to 151-18 remains likely first.
Crude Oil Dec Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Greeting flat with close firmed through the open, but mostly gravitated back to or toward unchanged. Regardless, the constructive backing-and-filling should be done, leaving little or no reason not to resume the rally by morning.
Natural Gas Nov Contract (NG, ETF: (UNG, UNL))
premature bounce from a fresh low to back above the inflection point had extended higher , and then gapped up night. Testing resistance at 3.00 requires the recovery to hold 2.95 as support, and closing back under it would likely retest 2.84.