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 Dec Contract (EC, ETF: (FXE, UUP))
Continuing to hover just under the 1.0685 bounce limit Wednesday morning was finally rejected in reaction to the afternoon’s FOMC policy statement. Plunging essentially filled the gap back down to Friday’s 1.0556 close. Regardless, at least one more eventual low close remains outstanding.

Gold Feb Contract (GC, ETF: (GLD))
Gapping up Wednesday to 1162.00 extended higher briefly to 1168.00, but greeted the afternoon’s FOMC statement back down at 1162.00. Its reaction spiked down to new lows at 1150.00, next targeting 1142.00 if not isolated by Thursday’s open, but even then.

Silver Mar Contract (SI, ETF: (SLV))
Wednesday’s open gapped up to the 17.05 buy signal and extended back to prior highs above 17.25. But the FOMC triggered a plunge down to 16.90 that must be recovered back above 17.05 at Thursday’s open to isolate it.

30-year Treasury Mar Contract (US, ETF: (TLT))
Gapping up Wednesday ranged all morning around Tuesday’s test of the 149-22 bounce limit, probing above 150-00. Plunging in reaction to FOMC probed negative territory at 148-22, with a new low close requirement still outstanding.

Crude Oil Jan Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Gapping down Wednesday was the lowest price since Sunday night’s gap up. “Lower prior highs” were tested at 51.55, and back above 52.75 may be the nearest buy signal for the rally next targeting 56.15 — preferably resuming no later than Thursday morning.

Natural Gas Jan Contract (NG, ETF: (UNG, UNL))
The 3.44 fresh low overnight was attacked to within 1 penny Wednesday morning before bouncing back up into the prior two days’ range at 3.55. Tuesday’s confirmation to Monday’s breakout wasn’t optimal, so just the fresh low intraday might satisfy selling pressure. But until closing above 3.59, a fresh low close remains likely anyway.