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))
Having tested “higher prior lows” up to 1.0720, backing-and-filling is no longer needed before a break under 1.0605 would be credible for launching a downleg.

Gold Feb Contract (GC, ETF: (GLD))
Firming back above 1205.00 would target filling the gap back up to Tuesday’s 1214.00 open, if not also probing its 1218.50 overnight high.

Silver Mar Contract (SI, ETF: (SLV))
At least a third eventual higher close is required, and is in-play so long as 16.95 maintains its recovery. Back under 16.75 would target 16.15.

30-year Treasury Mar Contract (US, ETF: (TLT))
Initially bouncing slightly overnight was retraced to probe under Thursday’s lows down to 149-30. The second consecutive close under 151-12 essentially seals a top, next targeting 148-04.

Crude Oil Mar Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Gapping up Friday filled to Tuesday’s 53.25 close isolates the interim dip. But recovering resistance at 54.25 would allow filling gaps back up to 54.75 and 55.75. Almost any delay would reinstate the attraction below to 49.00 and 47.75.

Natural Gas Feb Contract (NG, ETF: (UNG, UNL))
Friday morning;s weakness didn’t retrace all of Thursday’s bounce, but the attraction down to 3.23 remained in-play. Its afternoon test now allows extending to 3.19.