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))
Sunday night’s bounce touched the 1.0760 bounce limit, and then reversed down sharply to gap down under last week’s lows to test 1.0645. The morning’s bounce filled the gap back to Friday’s 1.0715 close.

Gold Feb Contract (GC, ETF: (GLD))
Bouncing Sunday night touched the 1195.00 higher prior low, whose recovery intraday is likely also to test 1209.00. Regardless of its degree the current bounce can’t be considered more than just a temporary correction.

Silver Mar Contract (SI, ETF: (SLV))
Firming Sunday night helps to keep in-play the potential not only for a higher high, but also for that to be sustained through the close to satisfy the rally’s requirement for at least one more higher close.

30-year Treasury Mar Contract (US, ETF: (TLT))
Gapping down slightly Monday after having firmed Sunday night was in-line with the corrective bounce measurements. Stocks dropping hard may have prevented the decline’s resumption in a flight-to-safety.

Crude Oil Mar Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Flat-to-lower ranging at Monday’s open pierced the 52.50 sell signal that was attacked Friday, and which had been narrowly avoided on Wednesday. Finally breaking it after the detour would make it likely to be more productive faster.

Natural Gas Mar Contract (NG, ETF: (UNG, UNL))
Gapping down Monday confirmed that Friday’s intraday recovery was only a temporary correction, and that the attraction back down to and through the 3.12 low remained intact.