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 Tuesday may be trying to accelerate the temporary dip back down to “lower prior highs” at 1.1190 down to 1.1155 as was suggested by two consecutive sessions of sliding shallowly but relentlessly off the high.

Gold Apr Contract (GC, ETF: (GLD))
Terrorist fears triggered a rally that tested 1262.00 resistance overnight and the 1255.40 bounce limit intraday. Dipping back under 1250.20 helps to confirm the 1216.50 and 1223.00 targets remain in-play.

Silver May Contract (SI, ETF: (SLV))
Firming Tuesday morning remained within the range and likely only noise before breaking back under 15.70 to the 15.25 target, if not also lower.

30-year Treasury Jun Contract (US, ETF: (TLT))
Falling stocks seemed to be the trigger for Tuesday’s gap up to the 162-07 bounce limit. But extending higher post-open to 163-00 accompanied stocks firming, and then recovering. Regardless of the intraday extesion, 162-07 failed to hold, leaving the decline’s momentum and its 160-28 target remain intact.

Crude Oil Apr Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Strength attacking 41.75 stopped short of filling the opening gap back up to 42.00-42.35 before weakening again. A deeper detour to “lower prior highs” at 39.50 might inject itself before completing the topping pattern.

Natural Gas Apr Contract (NG, ETF: (UNG, UNL))
Gapping up 2 cents Tuesday suggested that Monday’s late probe under 1.85 could be rejected. But the balance of the morning dipped back down and probed Monday’s late low. Closing back above 1.85 would suggest the 1.99 target remains in-play.