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))
The reaction down from last week’s 1.1385 high was extended coming out of the weekend down to 1.1133. The high formed an Island, which would be retested upon recovering 1.1270.

Gold Feb Contract (GC, ETF: (GLD))
The holiday weekend was exited by reacting back down to 1191.50 that had preceded last week’s blow-off to 1264.00. Closing back above 1222.50 would target the gap back to last Wednesday’s 1240.00 open.

Silver Mar Contract (SI, ETF: (SLV))
Having held 15.80 resistance at Friday’s close, the reaction extended down to 15.15 coming out of the weekend. Tuesday consolidated the drop but left no new signal.

30-year Treasury Mar Contract (US, ETF: (TLT))
Still lacking a catalyst for flight-to-safety, breaking under 167-18 support quickly extended to test last week’s “lower prior highs” at 166-10 and lower to 165-02. Any lower would trigger a much deeper decline — which suggests that this support’s test will launch a recovery back to Thursday’s 170-00 gap up.

Crude Oil Mar Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Firming out of the weekend and surging early Tuesday up to 31.53 reversed back down back to 28.80, and closing any lower would target a retest of 26.40 down to 25.63.

Natural Gas Mar Contract (NG, ETF: (UNG, UNL))
Although the reaction to Thursday’s EIA report had already filled the gap back to its prior week’s 1.97 low close, and Friday didn’t extend lower, coming out of the holiday did break lower to 1.88.