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 being vulnerable to collapse while no new rally leg is likely, Friday traded flat-to-higher. Almost any immediate weakness would be likely to extend down sharply.

Gold Apr Contract (GC, ETF: (GLD))
Thursday’s rally had extended post-close to fulfill its 1240.00 objective. Reacting down from there overnight held the 1222.50 buy signal as support. Back under 1216.50 would signal momentum reversing down. Otherwise, there remains potential up to 1241.00 and 1248.00.

Silver Mar Contract (SI, ETF: (SLV))
Friday’s narrow ranging prevented filling the gap outstanding above, which suggests that a downleg isn’t ready to begin.

30-year Treasury Mar Contract (US, ETF: (TLT))
Closing above Tuesday’s ~166-00 high Thursday extended Friday to 167-04 before dipping to 166-04. A second consecutive higher close Friday confirms the gap back up to 169-31 is in-play.

Crude Oil Apr Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Friday’s dip extended down from Thursday’s retest of Tuesday’s 31.15 prior high, still targeting a retest of the decline’s 26.40 target and the gap outstanding there, probably down to 25.63.

Natural Gas Mar Contract (NG, ETF: (UNG, UNL))
Gapping down Friday and trending lower intraday to new lows under 1.80 prevented a durable rally from forming, and created potential to 1.75 or 1.55.