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))
Spiking up Friday in reaction the morning’s payrolls number held a test of the 1.1485 sell signal that had triggered Thursday. A second consecutive lower close would be that much more bearish, than just to confirm Thursday’s breakout.

Gold Jun Contract (GC, ETF: (GLD))
Second time was a charm for triggering the 1282.70 buy signal that was reinstated since fresh lows were probed after Wednesday’s gap up had failed. Fresh highs targeting 1313.50 remain in-play.

Silver Jul Contract (SI, ETF: (SLV))
Friday’s reaction to the morning’s payrolls report was a test of 17.50 resistance, whose recovery through the close would suggest the pullback had ended — although closing above 17.60 would be optimal for reinstating the 18.80 target.

30-year Treasury Jun Contract (US, ETF: (TLT))
The knee-jerk reaction to Friday’s payrolls report spiked up to 166-16 before reacting back down to 165-00 support. Holding it would maintain this leg’s potential for filling the gap back up to 166-30 and extending to 167-26.

Crude Oil Jun Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Early weakness reacted up temporarily through the 44.75 buy signal to 44.35, before dipping back under the signal. At least a deeper pullback was avoided. But triggering the buy signal would help to maintain the near-term potential for producing the required new high close.

Natural Gas Jun Contract (NG, ETF: (UNG, UNL))
Thursday’s negative reaction to the morning’s EIA report did fill one outstanding gap below at 2.07, and Friday’s early follow-through attacked the 2.03 gap’s bar down to within 1 penny. Back above 2.14 would now signal momentum reversing up.