A daily summary of high-profile members of several complexes.
Gold Dec Contract (GC, ETF: (GLD))
Volatility was subdued night, still needing to test or fluctuate around . That lower attraction also dooms to failure any interim bounce. We'll soon see since gap down lowN. Korea's war speech triggered a surge to attack 1314.00. That could be the bounce's peak, if not 1318.50.
Eurodollar Dec Contract (EC, ETF: (FXE, UUP))
test of the ~1.2030 corrective bounce limit had resolved down into the weekend. Germany's election results triggered a gap down that extended back to 1.1917 low Monday morning. And lower, attacking 1.1885, probably on the way to test 1.1845.
Silver Dec Contract (SI, ETF: (SLV))
Still fluctuating morning at or under 17.00 was one step closer to forming a bottom. But N. Korea war talk triggered a spike up to test 17.15 resistance that leave at least one fresh low outstanding.
30-year Treasury Dec Contract (US, ETF: (TLT))
Firming night was still below the 154-30 buy signal and within proximity of retesting the 153-14support. N. Korea war talk triggered a "flight-to-safety" whose spike up tested 154-30, anyway. But not closing above it keeps alive the 153-14 potential.
Crude Oil Nov Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Other verbally bellicose escalation came from Turkey, sending Crude Oil to fresh highs above its recent multi-session range. Holding the 50.00 sell signal last week was rewarded by probing fresh high up to 51.95s. A second consecutive higher close would confirm as a breakout. Closing back within the recent range could reverse back under 50.00 quickly.
Natural Gas Oct Contract (NG, ETF: (UNG, UNL))
Firming night up to 2.96 didn't prevent morning from probing under lows down to 2.91, targeting 2.84.