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))
Monday’s open gapped down modestly back into Thursday’s range. So long as its recovery back into positive territory remained within Friday’s range, last week’s confirmed breakout still requires at least a third eventual lower close before a rally would be credible.

Gold Jun Contract (GC, ETF: (GLD))
Monday’s gap down retested Friday’s 1245.00 low down to 1243.50 low before bouncing, but maintains its target of 1241.00.

Silver Jul Contract (SI, ETF: (SLV))
Gapping down Monday to Friday’s lows didn’t create any new unfinished business below, and closing at or around 16.50 allows bottoming to form.

30-year Treasury Jun Contract (US, ETF: (TLT))
Firming Sunday night into Monday morning’s 164-26 peak was retraced back into negative territory, but bounced again back above the 164-17 buy signal. Two days of touching 164-17. and one day probing it, can’t afford any further delay in extending higher to avoid another downleg.

Crude Oil Jul Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Sunday night’s weakness pierced the 47.75 sell signal and Monday morning ranged around it. Closing under it would be credible for extending down to fresh lows under 44.00, possibly first as an air pocket down to 45.40.

Natural Gas Jun Contract (NG, ETF: (UNG, UNL))
Closing above 3.05 Friday had signaled the decline’s momentum lapsed. Gapping up to 3.11 Monday creates the potential for launching a new upleg, which closing above 3.14 would confirm. Monday’s post-open action dipped back down to test 3.05 as support, which must hold to maintain the recovery potential.