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 dip back down toward Friday’s prior low didn’t resume the decline, but neither did it extend Monday’s rally that would have undermined the decline’s lower objective.

Gold Jun Contract (GC, ETF: (GLD))
An unusually narrow intraday range Tuesday was bounced between the 1271.50-1287.20 buy and sell signals, without closing beyond either to signal extending in that direction.

Silver Jul Contract (SI, ETF: (SLV))
Very narrow ranging Tuesday prevented following-through on either Monday morning’s surge or on its afternoon reaction. Consolidating under 17.50 keeps alive the attraction below down to 16.75.

30-year Treasury Jun Contract (US, ETF: (TLT))
Bouncing Tuesday to test the 166-06 buy signal was held as resistance, while still likely to be triggered and to probe prior highs.

Crude Oil Jun Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Upside potential remained alive so long as pullbacks were to hold 46.85 as support. Fresh highs Monday night testing 48.40 were retraced intraday Tuesday to within a dime. Now closing under 46.85 would signal momentum reversing down.

Natural Gas Jun Contract (NG, ETF: (UNG, UNL))
Gapping up Tuesday and holding up prevented a second consecutive session from confirming Monday’s breakout back to the lows. Retesting Monday’s range any less aggressively than gapping down to and through it would more likely recover to at least test the 2.11 buy signal.