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 Mar Contract (EC, ETF: (FXE, UUP))
Friday’s initial blip-up was reversed down through the day. A pullback still has room down to 1.0505-1.0525 and then lower to the 1.0450 area where a more substantial rally leg can be launched, or else a new downleg can begin.

Gold Feb Contract (GC, ETF: (GLD))
Immediately breaking under the 1180.50 sell signal Friday was initially retraced from testing 1172.00, which was retested into the close with potential for extending down to the 1160.00 area.

Silver Mar Contract (SI, ETF: (SLV))
Friday’s decline to 16.40 leaves no “unfinished business above” while still having room below at 16.15, simply as a correction.

30-year Treasury Mar Contract (US, ETF: (TLT))
Overnight tests of the 152-30 objective were followed by a knee-jerk reaction up to 153-09 on Friday morning’s Employment Situation report. Its reaction down extended through the day to within 4 ticks of its 151-15 objective.

Crude Oil Feb Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Friday’s choppiness ultimately finished slightly higher, maintaining potential for filling the gap at Tuesday’s 54.80 gap up before a more durable downleg can begin.

Natural Gas Feb Contract (NG, ETF: (UNG, UNL))
Thursday’s test of the 3.18 target held for a second consecutive session. Any early strength above 3.40 would be likely to extend in that direction intraday.