A daily summary of high-profile members of several complexes.
Gold Jun Contract (GC, ETF: (GLD))
Thursday's narrow ranging back at last Thursday's 1278.00 "lower prior high" consolidated Wednesday's steep drop under the 1290.70 pullback limit, which is likely to be retested so long as 1274.00 holds as support.
Eurodollar Jun Contract (EC, ETF: (FXE, UUP))
Gapping up Thursday morning was too late to confirm Tuesday's close above the 1.0725 buy signal. Regardless, it was retraced to fill the gap back down to Wednesday's close. But it does create a three-day pattern whose fourth day is somewhat likely to probe fresh trend highs intraday, which would be very likely to then close negative.
Silver May Contract (SI, ETF: (SLV))
Consolidating for two days under the 18.30 pullback limit broke lower Thursday to 17.90 support by a nickel. An Island-like pattern has been left outstanding at the recent high, which was itself the shallowest possible retest of the 18.55 prior high. Other than the recent sharp selling, actually reversing the trend down is the least likely resolution.
30-year Treasury Jun Contract (US, ETF: (TLT))
The gap back up to Tuesday's 155-13 close was created by Wednesday's gap down and is likely eventually to be filled. Thursday gapped down under Wednesday's narrow range, and extended to within 1 tick of the 153-24 pullback limit that should launch the high's retest and fill its gap.
Crude Oil Jun Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
[Rolling coverage forward from May to Jun, which is trading at a 40-cent premium] Satisfying the pullback's 51.05 target Wednesday down to 50.50 only ranged narrowly sideways Thursday.
Natural Gas May Contract (NG, ETF: (UNG, UNL))
Gapping up Thursday tested 3.21 before dipping back into negative territory at the 3.13 sell signal. Potential for a bigger corrective bounce to 3.27 remains alive, but breaking under 3.13 would still be entirely credible for launching a downleg.