A daily summary of high-profile members of several complexes...
Gold Dec Contract (GC, ETF: (GLD)): Sliding sharply again today to $1,307.00 per ounce keeps alive the decline's momentum and its $1,296.00-$1,297.00 an ounce target, which is in play so long as bounces were to hold $1,316.00 an ounce as resistance.
Eurodollar Sep Contract (EC, ETF: (FXE, UUP)): Today's shallow gap down bounced quickly back into yesterday's range, and soon tested the 1.1175 sell signal that yesterday had broken under. Holding it as resistance didn't undermine the break's momentum, still targeting fresh lows.
Silver Dec Contract (SI, ETF: (SLV)): Avoiding a probe of lower lows today without reversing up doesn't negate the outstanding requirement for at least an eventual third lower close. Holding up while gold slides sharply may find heavy rotation into gold when its downside target is met, which would enable silver to retest Sunday night's low.
30-year Treasury Dec Contract (US, ETF: (TLT)): Rolling coverage forward to December, at about a 1-14 discount to September. Today's choppy, sloppy ranging at least ranged more narrowly, just around yesterday's range, but still short of its 171-02 buy signal.
Crude oil Oct Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short)): Two days of ineffectual optimism that had tried avoiding a break under $46.60 per barrel were greeted by today's gap down that extended sharply lower in reaction to U.S. Energy Information Administration (EIA). The pattern next targets $41.45 per barrel on a second consecutive lower close tomorrow.
Natural gas Oct Contract (NG, ETF: (UNG, UNL)): Yesterday's test of the $2.82 per gallon sell signal was already suspicious. Today's immediate bounce back up to what had been the $2.88 per gallon pullback limit would confirm by closing above it, which would greet tomorrow's EIA from a position of strength.