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))
Gapping up Monday retraced 61.8% of Friday’s drop up to 1.0922, essentially holding 1.0900 resistance to keep alive the potential for resuming the slide to 1.0785.

Gold Feb Contract (GC, ETF: (GLD))
Surging at Monday’s open to fresh highs above 1121.50-1122.00 came just in time to prevent Thursday and Friday’s test of 1114.00 support from breaking lower. The 1131.50 target remains in-play.

Silver Mar Contract (SI, ETF: (SLV))
Opening firm Monday probed above 14.35-14.40 whose recovery would resume the rally.

30-year Treasury Mar Contract (US, ETF: (TLT))
Monday’s pullback now allows a break under 160-00 to signal a deeper dip underway targeting 157-10. Extending higher would meanwhile continue to target 162-26.

Crude Oil Mar Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
The 34.80 corrective bounce target that was touched Thursday wasn’t retested before Sunday night’s slide that extended down sharply Monday to 31.25. Gapping up Tuesday above 32.50 would reject the slide, but otherwise the corrective bounce has ended.

Natural Gas Mar Contract (NG, ETF: (UNG, UNL))
Gapping up Friday had over-optimistically avoided dipping to test the range’s 2.18 “lower prior highs.” Gapping back down Monday avoided a second consecutive higher confirming close, but left outstanding the gap back to Friday’s 2.30 close to encourage a recovery.