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 hovering at 1.1105 Tuesday, instead of breaking lower, keeps alive the likelihood for at least probing a fresh high before reversing down.

Gold Apr Contract (GC, ETF: (GLD))
Further probing under 1260.70 and 1250.20 extended down to 1228.00 intraday, attacking the 1223.50 and 1216.50 targets which remains in-play so long as bounces now hold any test of 1243.00.

Silver May Contract (SI, ETF: (SLV))
The reaction from Monday’s false break higher gapped down Tuesday to test the critical 15.25 support whose break would target 14.90 and lower.

30-year Treasury Jun Contract (US, ETF: (TLT))
Rallying overnight to probe the 162-07 buy signal by 10 ticks was retraced Tuesday morning to fill the gap back down to Monday’s 161-16 close. Filling it wasn’t required, but there is no unfinished business below that might impede another rally effort.

Crude Oil Apr Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
The 36.95 sell signal had supported Monday’s gap down, and gapping down under it Tuesday was supported around 36.00. Not trending down intraday keeps the door open to retesting last week’s highs up to 39.00 where a more substantial top can form.

Natural Gas Apr Contract (NG, ETF: (UNG, UNL))
Monday’s restrained optimism was resolved by gapping Tuesday to test 1.90. Optimism remained restrained as an intraday dip filled the gap back down to Monday’s 1.84 close.