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 firm open initially exploited Wednesday’s constructive session, which had recovered the open’s gap up after filling the gap below back to Tuesday’s close. Closing above 1.0950 would confirm fresh highs are in-play.

Gold Feb Contract (GC, ETF: (GLD))
Initial strength Thursday was reversed down sharply to retest the 1114.00 pullback limit, which held to maintain the potential for extending higher to 1131.50.

Silver Mar Contract (SI, ETF: (SLV))
Spiking down Thursday morning held 14.20 support to prevent reversing the trend back down, but 14.40 must still be recovered to resume the rally.

30-year Treasury Mar Contract (US, ETF: (TLT))
Testing 160-20 resistance overnight didn’t extend higher intraday, but neither was it reversed down as potential remains alive for resuming or at least extending the rally to 162-28.

Crude Oil Mar Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Dueling headlines between Russia and Opec members triggered early volatility Thursday, which eventually resolved up to test the 34.80  corrective bounce target by 2 cents. Its reaction down held the 32.50 pullback limit that keeps alive potential for extending to 37.20.

Natural Gas Mar Contract (NG, ETF: (UNG, UNL))
Thursday’s EIA report was not greeted from a position of strength. But its knee-jerk reaction down was recovered to attack positive territory, and closing above 2.14 keeps alive the basing pattern and its potential for launching a new upleg.