A daily summary of high-profile members of several complexes.
Eurodollar Dec Contract (EC, ETF: (FXE, UUP))
Filling the gap back up to 1.1685 close was enough to push the price back down into open. But the open's lows held and didn't resume the decline, so a bigger bounce can't yet be discounted.
Silver Dec Contract (SI, ETF: (SLV))
Despite not yet extending down to its 16.50 target, overnight strength probed fresh relative highs attacking 17.05. A post-open dip was recovered to higher highs intraday. Closing above 17.11 is still the minimum requirement to suggest momentum may be reversing up.
30-year Treasury Dec Contract (US, ETF: (TLT))
bounce to the 152-20 resistance reacted down into open. But touching its 152-00 sell signal reacted up to fresh highs through the morning, and greeted the afternoon's FOMC policy statement testing 153-00. A second consecutive higher close would be credible for extending higher, but back under 152-00 would target fresh lows.
Crude Oil Dec Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Holding the shallow 53.88 pullback limit maintained upside momentum, which probed the 54.15 objectives overnight and extended higher to 55.22. Dipping into the afternoon tested 53.88 through the close.
Natural Gas Nov Contract (NG, ETF: (UNG, UNL))
gap down to fresh lows and session-long downtrend compensated for ineffectual optimism that prevented fulfilling the session's fresh low requirement. Bouncing overnight was similarly punished by reversing pre-open to trend down to fresh lows through the morning.