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 Jun Contract (EC, ETF: (FXE, UUP))
Gapping up Tuesday wasn’t any more credible for avoiding a retest of Friday’s low close, but testing 1.1345 was needed before reacting back down intraday, and then only to attack Tuesday’s post-open lowss.

Gold Jun Contract (GC, ETF: (GLD))
Despite having held the 1241.00 bounce limit Monday, gapping back down Tuesday to the 1234.50 sell signal was recovered to probe retest 1241.00. Breaking back under 1234.50 would still target a test of 1222.00.

Silver May Contract (SI, ETF: (SLV))
Monday’s narrow ranging persisted into Tuesday, which isn’t bearish, but does suggest the rally targeting 18.80 might need a blip-down before suddenly snapping higher.

30-year Treasury Jun Contract (US, ETF: (TLT))
Fresh lows Tuesday morning tested 161-00, which now allows a close above 162-12 to launch an upleg.

Crude Oil Jun Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Gapping up Tuesday from triggering the 43.10 buy signal Monday and extending higher intraday to probe above 44.00 avoided a second consecutive lower close that would have confirmed the sell signal. But a gap was left outstanding at Monday’s close, undermining any rally effort.

Natural Gas Jun Contract (NG, ETF: (UNG, UNL))
Gapping down again Tuesday tested “lower prior highs” at 2.14. A second consecutive lower close Wednesday would require an eventual third lower close. So resuming the rally to 2.34-2.40 must be obvious by the afternoon — especially to greet Thursday’s EIA report from a position of strength.