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))
Ranging choppily sideways Wednesday did not invalidate the break already underway, and next targeting 1.0645.

Gold Apr Contract (GC, ETF: (GLD))
Monday’s confirmed breakout extended higher overnight to gap Wednesday, and then probe higher intraday to test 1246.50. Reacting down into the afternoon probed the 1241.90 open down to 1239.00, still maintaining the gap above Tuesday’s highs. A third higher close is fulfilled, but extending higher anyway would have potential to 1259.00.

Silver Mar Contract (SI, ETF: (SLV))
Gapping up slightly Wednesday extended to a fresh high at 17.87 before dipping back down to close slightly negative at 17.70. At least an eventual third higher close remains outstanding, with potential to 18.18.

30-year Treasury Mar Contract (US, ETF: (TLT))
The next higher objective of filling the gap back up to 153-12 was fulfilled Wednesday morning, and then exceeded up to 153-21. Reacting down to 152-26 may indicate the rally has ended, but back under 152-18 would reverse the trend back down.

Crude Oil Mar Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Lower lows overnight down to 51.22 were already firming into Wedneday’s open, and then rallied in reaction to after the morning’s EIA report. The 52.55 sell signal that had triggered Tuesday was retested, but not recovered.

Natural Gas Mar Contract (NG, ETF: (UNG, UNL))
Tuesday’s bounce up to the 3.12-3.15 bounce limit began reacting down immediately Wednesday, but only reacted back up from touching the 3.06 support whose break would resume the decline next targeting 2.91.