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))
Tuesday’s fourth day of a 4-day setup, didn’t reject the ongoing decline, suggesting that Thursday’s sell signal remains intact and targeting the low’s gap outstanding at 1.1245.

Gold Jun Contract (GC, ETF: (GLD))
Probing fresh lows Tuesday didn’t extended down much, but the narrow ranging shouldn’t be confused with stability or even a rejection of the decline next targeting 1241.00.

Silver Jul Contract (SI, ETF: (SLV))
Fresh lows were avoided Tuesday, but Monday’s decline was not at all rejected, so the decline targeting 16.75 remains in-play.

30-year Treasury Jun Contract (US, ETF: (TLT))
Friday’s 165-27 opening gap up was neutralized at Tuesday’s high. Its test didn’t reverse momentum down, but fresh highs should not be further delayed to maintain this leg’s potential to 166-30 and 167-26.

Crude Oil Jun Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
A fresh low under 43.25 had become likely, if not a requirement, and it was produced Monday night down to 43.03. Tuesday’s intraday rally tested 44.50 resistance, in proximity to trigger the 44.75 buy signal, too.

Natural Gas Jun Contract (NG, ETF: (UNG, UNL))
Gapping up through 2.14 Tuesday only tested the 2.16 prior high, and still must close above it to confirm a new upleg is underway.