A daily summary of high-profile members of several complexes.
Eurodollar Jun Contract (EC, ETF: (FXE, UUP))
Sunday night’s bounce almost threatened 1.1835 whose recovery would make another downleg unlikely soon. Otherwise, back under 1.1745 could still trigger, and would target the low’s gap fill under 1.1550.
Gold Aug Contract (GC, ETF: (GLD))
Three consecutive tests of 1305.00 have yet to reverse down, despite Friday’s pause. And now Monday has produced a fourth test of 1305.00, also touching the 1307.00buy signal. Back under 1296.50 would signal the trend reversing down.
Silver Jul Contract (SI, ETF: (SLV))
Already rallying Sunday night to within 3 cents of fulfilling the 16.30 target suggests that Thursday night’s dip to 16.65 was the extent of a correction. Back under 16.80 can now break lower to target 16.55.
30-year Treasury Sep Contract (US, ETF: (TLT))
Gapping down Monday to test 142-22 as support can extend down to also test 142-00, and still be likely to recover and also to resume the rally.
Crude Oil Jul Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Monday’s gap down was recovered back to Friday’s close, and then into positive territory. Without closing above 66.25 Monday, its immediate recovery and extension through 67.50 would be optimal to confirming a new rally leg underway.
Natural Gas Jul Contract (NG, ETF: (UNG, UNL))
Sunday night’s gap up extended through Monday’s open, to test 2.95 whose recovery would confirm Friday’s dip back to support was only a temporary detour, and the requirement for at least a close above 3.00 remains intact.