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))
Tuesday’s narrow sideways ranging twice tested the 1.1050 bounce target, the second time while RSIs diverged negatively. Any higher for any longer would target 1.1140, but the bounce is meanwhile vulnerable to being reversed back down.

Gold Apr Contract (GC, ETF: (GLD))
Reacting down from another attack on the 1277.50-1288.00 target area didn’t reverse the trend down, leaving potential for a more substantial test of the target area.

Silver May Contract (SI, ETF: (SLV))
Tuesday’s delayed trending down from having neutralized the attraction up to 15.70 does make fresh highs more difficult. But trending back down already is unlikely.

30-year Treasury Jun Contract (US, ETF: (TLT))
Recovering the 162-20 buy signal Monday night extended to gap up sharply Tuesday at 163-24 and then extended sharply higher intraday to test the 164-26 origin of last Tuesday’s plunge. Not first backing-and-filling Tuesday morning does undermine Wednesday’s upside momentum.

Crude Oil Apr Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Retesting Monday’s late 38.11 high up to 38.39 resolved down to gradually attack 36.40 support didn’t reverse the trend down, but it is being threatened.

Natural Gas Apr Contract (NG, ETF: (UNG, UNL))
Still testing 1.70 resistance Tuesday instead of decisively recovering it and 1.80 to launch a substantial corrective bounce.