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 down Thursday to reject Wednesday’s bounce to recent highs had made the decline’s resumption imminent, which Friday’s open fulfilled by gapping down sharply and extending down deeper to fresh lows.

Gold Jun Contract (GC, ETF: (GLD))
Another overnight bounce was rejected into the open Friday, this time probing under Thursday morning’s prior low. But the balance of the session recovered to range choppily around unchanged.

Silver Jul Contract (SI, ETF: (SLV))
Gapping down to a fresh low at Friday’s open was retraced back to the gap at Thursday’s 17.10 close, ranging narrowly through the close.

30-year Treasury Jun Contract (US, ETF: (TLT))
The 165-00 pullback limit had held its test Thursday, and gapping up Friday extended up to fresh highs that keep intact the 166-30 objective, which is likely to be tested up to 167-26.

Crude Oil Jun Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Slightly lower lows overnight didn’t qualify as rejecting Thursday’s fresh high, which had fulfilled the outstanding requirement for a new high close.

Natural Gas Jun Contract (NG, ETF: (UNG, UNL))
Gapping down Friday filled the gap back to Tuesday’s 2.08 close, and then recovered back above 2.14 to signal momentum reversing up. A second consecutive higher close Monday would confirm the new rally leg underway.