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 to fresh highs Thursday created a new piece of “unfinished business above” at the session open, which will want to be tested from below before a top can fully form. Closing above 1.1435 could avoid topping, if probed aggressively.

Gold Jun Contract (GC, ETF: (GLD))
Having held a test of the 1218.00-1224.50 range’s upper-end at Wednesday’s pullback low, bouncing again Thursday could qualify as another recovery effort by closing above Tuesday’s 1242.00 high.

Silver May Contract (SI, ETF: (SLV))
Gapping up through Monday’s 15.38 high and extending its recovery suggests a bounce targeting 15.88 is underway, so long as Friday closes higher, too.

30-year Treasury Jun Contract (US, ETF: (TLT))
Wednesday’s dip to test 163-16 support held through Thursday and firmed intraday, testing Friday’s 164-10 high whose break would restart the recovery.

Crude Oil May Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
The retest of last week’s lows held for a second consecutive session Thursday, while firming back up to 39.05 resistance, whose recovery would position the pattern for also triggering the 39.55 buy signal.

Natural Gas May Contract (NG, ETF: (UNG, UNL))
Momentarily printing a fresh high at Thursday’s open improved the position of strength greeting the morning’s EIA report, but it didn’t prevent reacting down anyway to 1.93 support. Now closing above 1.99 would resume the rally targeting 2.07.