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 up Sunday night to test Friday’s high was retraced overnight. At least a probe above Thursday’s 1.2200 high remains likely before signaling a reversal down back under 1.1105.

Gold Apr Contract (GC, ETF: (GLD))
Friday’s post-close dip under the 1260.20 pullback limit extended down through Monday morning to test 1243.00. Unless recovered immediately Tuesday back above 1260.20, a deeper pullback targeting the 1217.00 area is likely.

Silver May Contract (SI, ETF: (SLV))
Surging through Monday’s open to 15.85 was retraced entirely and then reversed into negative territory by noon attacking 12.40. There is no unfinished business above, but still room down to 12.25 before signaling a deeper pullback underway.

30-year Treasury Jun Contract (US, ETF: (TLT))
Sunday night’s fresh lows were still 2 ticks above the 160-28 preference, but Monday reversed into positive territory nonetheless. Closing higher Tuesday would confirm a bottom is in, and above 162-07 would trigger a new upleg.

Crude Oil Apr Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Trending down Sunday night and Monday morning probed the 37.90 pullback limit and spent the session hovering at the 37.00 sell signal, whose break would begin to suggest a deeper downleg underway..

Natural Gas Apr Contract (NG, ETF: (UNG, UNL))
Monday’s weaker open was recovered to retest Friday’s 1.86 high, but not aggressively which suggests optimism remains well in reserve.