Daily Spot…

A daily summary of high-profile members of several complexes… View a more detailed discussion of each chart at the end of today’s Market Wrap.

Eurodollar Mar Contract (EC, ETF: (FXE, UUP))
Thursday’s premature bounce from attacking 1.0750-1.0785 was largely retraced by Friday’s immediate break lower. The target remains intact so long as 1.0900 isn’t recovered.

Gold Feb Contract (GC, ETF: (GLD))
Probing back above 1100.00 was too muted to signal that the pullback limit’s test on Thursday had necessarily held. But its break Thursday was not confirmed and potential to new highs remains intact.

Silver Mar Contract (SI, ETF: (SLV))
Surging Friday morning to probe above 14.35 also filled the highest outstanding gap. Its resistance held and pushed price back down to test 14.10 support. Extending higher early Monday would be credible for finally launching a rally from the basing pattern.

30-year Treasury Mar Contract (US, ETF: (TLT))
Dipping deeper fulfilled the minimum pullback objective of filling the gap outstanding from 159-06. The next lower attraction is 157-10, so long as 159-20 is not recovered first.

Crude Oil Mar Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Immediately opening Friday to test the bounce’s 31.00 objective was extended higher to also test 32.00, with potential for extending ultimately to test 34.30, so long as 31.00 now holds as support.

Natural Gas Feb Contract (NG, ETF: (UNG, UNL))
Still ranging around 2.14 is forming a base that can launch a recovery of the high’s failed Ascending Triangle, which is always likely.