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))
Wednesday’s out-sized strength didn’t prevent gapping up again Thursday and extending even higher to confirm the breakout. At least an eventual third higher close is now likely.

Gold Feb Contract (GC, ETF: (GLD))
Gapping up Thursday didn’t trend much higher intraday, nor did it give back the opening gain, forming a potential Island. Gapping down back into Wednesday’s range — preferably under 1138.00 — would form the pattern, which would be likely to be retested.

Silver Mar Contract (SI, ETF: (SLV))
Thursday’s higher high tested 14.91 resistance without closing above it, so no higher targets are in-play. But momentum remains intact since the pullback limit held its test of 14.86.

30-year Treasury Mar Contract (US, ETF: (TLT))
Overnight weakness tested the 161-27 sell signal into Thursday’s open and firmed from there to continue ranging around the rally’s 162-26 target.

Crude Oil Mar Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Testing the 29.42 pullback limit by 2 cents snapped back to gap up Thursday, and a post-open dip also snapped up to 33.60. But the 32.50 bounce limit held through the close as was expected.

Natural Gas Mar Contract (NG, ETF: (UNG, UNL))
Greeting Thursday’s EIA report from a position of weakness allowed fresh lows for the move to form at 1.95. The pattern still has no buy signal, and its fresh low close doesn’t make a durable recovery yet likely.