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 down Thursday was retraced back into Wednesday’s range, but no higher as the vulnerability remains greater to extend down if not also to capitulate.

Gold Feb Contract (GC, ETF: (GLD))
Overnight weakness was recovered for a firm open Thursday that extended higher intraday through the 1222.50 signal to test 1226.50 resistance, whose recovery would target 1240.00.

Silver Mar Contract (SI, ETF: (SLV))
Thursday’s outside day was relative subdued, but it was positive, and any early strength would be credible for extending higher intraday.

30-year Treasury Mar Contract (US, ETF: (TLT))
Despite not gapping up to isolate Wednesday’s probe under 164-30, Thursday did trend up to recover Tuesday’s 165-21 close and 165-30 resistance, suggesting the 169-31 week-old gap above will next be retested.

Crude Oil Mar Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Retesting Tuesday’s pre-open high at 31.15 up to almost 32.00 Thursday was reversed back to unchanged, still likelier to retest the decline’s 26.50 target and fill the low close’s gap, while also testing 25.63.

Natural Gas Mar Contract (NG, ETF: (UNG, UNL))
Bouncing to test “higher prior lows” at 1.95 allowed filling the gap below at 1.91, but Thursday’s open gapped down to fresh lows and trended lower. There is high potential for another consecutive lower close..