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 Monday wasn’t the appropriate resumption of the decline, despite Friday essentially having fulfilled the 1.0500 bounce target. Reversing back into positive territory now enables a probe under Monday’s low to extend down sharply.

Gold Apr Contract (GC, ETF: (GLD))
Friday’s test of the 1277.50-1288.00 target area’s lower-end leaves open potential for a more significant test, especially since Monday’s weakness didn’t extend.

Silver May Contract (SI, ETF: (SLV))
Friday’s fulfillment of the 15.70 gap outstanding above need not reverse down immediately, and may even try extending the rally next, as Monday’s weakness was shallow.

30-year Treasury Jun Contract (US, ETF: (TLT))
Flat ranging Monday didn’t threaten the 162-20 buy signal, but neither did it threaten to resume the decline that we’re assuming has ended.

Crude Oil Apr Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
The rally showed little sign of stopping Monday, and it actually accelerated to test 38.11. Back under 34.75 would signal momentum reversing down, with no shallower of an ultimate target than to retest the lows.

Natural Gas Apr Contract (NG, ETF: (UNG, UNL))
Probing intraday above the 1.70 buy signal Monday stopped sh0rt of attacking the 1.80 signal whose combined recoveries would launch a correction of the multi-week downtrend.