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))
Flat-to-narrow ranging Monday consolidated at or under the 1.1345 resistance which must hold through the close to continue forming a topping pattern.

Gold Apr Contract (GC, ETF: (GLD))
Friday’s bounce to 1224.50 resistance was retrace Monday back down to 1218.00 support whose break through the close would confirm new relative lows in-play targeting 1188.50-1192.00.

Silver May Contract (SI, ETF: (SLV))
Failing to recover 15.25 keeps alive the breaks initial target at 14.70, and potentially lower.

30-year Treasury Jun Contract (US, ETF: (TLT))
Coiling Monday withing Fridays’ range maintained the recovery above the prior Friday’s 164-10 buy signal. Room for a pullback down to 162-20 would is allowed while maintaining the recovery attempt, but its test wouldn’t be optimal after Monday.

Crude Oil May Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Friday’s break to the 36.95 sell signal was probed Monday by $1, presumably abandoning any near-term potential for testing the high’s 42.00-42.35 open before trending back down to the lows.

Natural Gas May Contract (NG, ETF: (UNG, UNL))
Having held a retest of its 1.92 support both Thursday and Friday, Monday’s gap up to the 2.02 highs extended higher immediately to essentially fulfill the longstanding 2.08 objective. Its reaction back down to the prior highs should be only temporary, as the delay has likely refueled buyers for a more substantial rally.