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))
Still ranging narrowly after the recent support break is running out of time to launch a credible recovery, let alone to avoid a capitulating plunge.

Gold Feb Contract (GC, ETF: (GLD))
Extended narrow ranging through Wednesday should launch at least a blip-up to retest the opening gap outstanding above 1240.00.

Silver Mar Contract (SI, ETF: (SLV))
Ranging narrowly has extended for long enough that breaking abruptly either way would likely be short-lived and reversed more substantially in the opposite direction.

30-year Treasury Mar Contract (US, ETF: (TLT))
Still no catalyst for a flight-to-safety, so the long bond fell further Wednesday. Breaking under the 165-12 area is problematic to a near-term recovery — unless gapping up Thursday can isolate Wednesday’s dip.

Crude Oil Mar Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Firming back up to attack Tuesday’s 31.50 pre-open high is still considered only a correction before retesting 26.40 down to 25.63.

Natural Gas Mar Contract (NG, ETF: (UNG, UNL))
Now that “higher prior lows” at 1.95 have been tested as resistance, a dip can fill the gap back to Tuesdays’ 1.91 open and neutralize the attraction below.