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 slightly Wednesday was recovered to probe positive territory slightly, while still maintaining the downtrend’s ongoing series of lower lows and lower highs.

Gold Apr Contract (GC, ETF: (GLD))
Clearly rejecting Monday’s close under 1216.60 and barely recovering the 1222.60 buy signal at Tuesday’s close was well-rewarded overnight and through Wednesday’s open by fulfilling the 1242.00 and 1248.00 targets up to 1254.30, Reacting down probed 1240.00 support, threatening momentum to also test the recent 1263.90 high.

Silver Mar Contract (SI, ETF: (SLV))
Surging overnight stopped a dime short of fulfilling a retest of the recent open’s gap at 15.70, whose test is likely before a downleg would be credible. Its reaction down probed under the 15.37 open as support.

30-year Treasury Mar Contract (US, ETF: (TLT))
Tuesday’s recovery extended higher overnight to gap up Wednesday at 167-17. The extension up to 168-25 was retraced to test Tuesday’s 167-04 highs as support, still targeting a test of the recent opening high’s 169-31 gap.

Crude Oil Apr Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Sliding overnight to test 30.60 support created room for a corrective bounce up to 31.50 while still targeting a retest of the lows. Exceeding it intraday created potential to 32.40, but closing back under 31.15 would reinstate the downside target.

Natural Gas Apr Contract (NG, ETF: (UNG, UNL))
The second session of a two-day setup opened flat to leave no “unfinished business” below, so that closing above Tuesday morning’s 1.88 high would signal a bottom is reversing back up.