A daily summary of high-profile members of several complexes.
Gold Dec Contract (GC, ETF: (GLD))
Tuesday’s open filled the 1225.50 two-week old low’s gap down by $3 per oz., neutralizing its attraction below. Bouncing into the noon hour attacked 1238.00. Both a buy and sell signal were tested intraday. Closing at any time beyond either end of their range would be likely to extend in that direction.
Silver Sep Contract (SI, ETF: (SLV))
Tuesday’s volatiilty stopped short on its lower-end from neutralizing the gap down’s attraction at 15.25. Firming instead momentarily tested the 15.60 buy signal. Closing beyond either end of the range would be likely to extend in that direction.
30-year Treasury Sep Contract (US, ETF: (TLT))
Monday’s bounce firmed overnight to test the 143-04 bounce limit. The testing persisted throughout Tuesday, with only one early touch of the 143-12 buy signal’s resistance.
Eurodollar Sep Contract (EC, ETF: (FXE, UUP))
If at first… fail, fail again? Gapping up Tuesday to retest last week’s high up to 1.1790 was reversed back into negative territory. The 1.1725 buy signal held as support, but so did resistance. A fresh high would be highly reliable for extending, but not until then.
Crude oil Sep Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Still not extending Sunday night’s rally Monday night, Tuesday’s open slid to fill the gap back down to Friday’s close. Its attraction below is neutralized, but until it’s also broken, the recovery could still reach $71.75 per barrel. Otherwise...
Natural gas Sep Contract (NG, ETF: (UNG, UNL))
[Rolling coverage forward to August]… Once again probing slightly higher highs intraday has failed to close decisively above them,