A daily summary of high-profile members of several complexes.
Gold Dec Contract (GC, ETF: (GLD))
Gapping up to $1,195.00 per oz. eventually probed higher intraday, but only briefly as the afternoon dipped back down to 1195.00. The gap back down to 1184.00 close — if not also 1172.50 — are still likelier to be tested before a recovery can be credible.
Silver Sep Contract (SI, ETF: (SLV))
Flat-to-higher ranging overnight persisted through , still being likely to test 14.45 below before a recovery can be credible.
30-year Treasury Sep Contract (US, ETF: (TLT))
Gapping up extended to and 145-00 high extended to fresh highs intraday. May’s pivotal high to July’s actual high is now essentially tested, so the pattern is vulnerable to extending higher to probe 147-00.
Eurodollar Sep Contract (EC, ETF: (FXE, UUP))
close (well) above the 1.1385 buy signal had initially gapped down a little at open. But post-open action trended up relentlessly to confirm, targeting 1.1540-1.1545.
Crude oil Oct Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
[Rolling coverage forward to Oct, which trades at a 55-60 cent discount to Sep]… Flat-to-higher ranging continued fluctuation around the pattern’s $65.50 per barrel buy signal. Triggering it through the close would target 68.25-69.25.
Natural Gas Sep Contract (NG, ETF: (UNG, UNL))
Gapping down helped to confirm that gap up into the rally’s target area was only noise. But the gap down didn’t extend, leaving outstanding the room below at 2.85.