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))
Firming Monday back up to 1.0605 resistance must reverse down into a deeper downleg to avoid fresh highs. Back under 1.0505-1.0525 would signal the reversal down is underway.

Gold Feb Contract (GC, ETF: (GLD))
Gapping back up Monday to the 1180.50 sell signal that had triggered Friday was later recovered to probe the 1184.40 target that had been fulfilled already Thursday. Still testing it through the close prevented reversing momentum up, and back under 1180.50 would be as credible for launching a new downleg.

Silver Mar Contract (SI, ETF: (SLV))
Monday’s bounce attacked Thursday’s high up to the 16.75 area, which isn’t allowed to close any higher Tuesday if a pullback to 16.15 remains in-play.

30-year Treasury Mar Contract (US, ETF: (TLT))
Sunday night’s rally gapped up Monday to attack Friday morning’s high up to what had been its 152-26 pullback limit. Holding it and not closing above 152-30 maintains the potential for another downleg much deeper under the 151-17 interim low.

Crude Oil Feb Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Gapping down Monday to the 52.70 sell signal extended intraday to test 52.15. A second consecutive lower close Tuesday would confirm a deeper detour likely before retesting last Friday’s gap up.

Natural Gas Feb Contract (NG, ETF: (UNG, UNL))
Monday’s gap down to the decline’s 3.19 target that Thursday had tested already was extended intraday to test 3.11. The buy signal may be lowered from 3.40, but not until after first forming a reversal setup Tuesday.