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))
The reaction to Friday morning’s Employment Situation report initially dipped to touch the 1.0725 sell signal. Its reaction back up into positive territory above 1.0810 has formed a Head & Shoulders reversal pattern that would be triggered back under 1.0740.

Gold Apr Contract (GC, ETF: (GLD))
Reacting down to Friday morning’s Employment Situation report only neutralized attractions below, testing the 1212.00 pullback limit, while nearly filling the gap back down to Wednesday’s 1207.50 close. Bouncing back above 1218.00 makes fresh highs likely at 1235.00 and potentially also 1259.00.

Silver Mar Contract (SI, ETF: (SLV))
Friday morning’s knee-jerk reaction down on the Employment Situation report touched lower prior highs near 17.25, and bounced back to unchanged. A retest of Thursday’s 17.70 gap open must be probed to put into play 18.18.

30-year Treasury Mar Contract (US, ETF: (TLT))
Attacking the 151-11 bounce limit to within 2 ticks after Friday morning’s Employment Situation report was reversed back down into negative territory, testing 150-00 and presumably resuming the decline.

Crude Oil Mar Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Bouncing back up to 54.25 held again Friday, but wasn’t rejected, making fresh highs also likely to test 55.25. But only closing back under 53.50 would suggest momentum reversing down instead, targeting 49.05 and 47.80.

Natural Gas Mar Contract (NG, ETF: (UNG, UNL))
Thursday’s bounce in reaction to the EIA report had still stopped short of signaling the decline’s momentum was lapsing. Trending back down overnight gapped down Friday to test 3.04, still targeting 2.91.