A daily summary of high-profile members of several complexes.
Gold Dec Contract (GC, ETF: (GLD))
Firming further from test of 1266.50 helps to confirm that the 3-week old low's retest has held. Its 1280.50 was attacked, and closing above it would start to signal a new upleg underway.
Eurodollar Dec Contract (EC, ETF: (FXE, UUP))
Bouncing night from last week's two-day ECB plunge is likely only a correction, with a more substantial consequence to last week's break still in-play. Meanwhile, the gap back to 1.1685 close is an attraction, perhaps up to 1.1735.
Silver Dec Contract (SI, ETF: (SLV))
bounce firmed a little further , testing "higher prior lows" at 16.65, and still likely to resolve down for a test of 16.50.
30-year Treasury Dec Contract (US, ETF: (TLT))
Gapping up tested one set of "higher prior lows" at 151-18 and extended higher intraday to attack the next set at 152-08. But at least one more fresh low close remains likely, so long as the bounce doesn't recover 152-20.
Crude Oil Dec Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Already testing the next higher objective at 54.15 before open, its intraday retest must hold above 53.88 through the close to maintain the upside momentum.
Natural Gas Dec Contract (NG, ETF: (UNG, UNL))
[Rolling coverage forward to Dec from Nov] new lows made likely to probe lower at some point intraday, regardless of when or if maintained through the close. That was avoided, undermining near-term bottoming potential. A test of "higher prior lows" 3.01-3.05 before filling the gap back down to open would also keep alive the bottoming potential.