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))
Bouncing overnight back up to Friday’s 1.0665 high was retraced into Monday’s open and then extended lower through the morning to attack 1.0600, still targeting 1.0570.

Gold Apr Contract (GC, ETF: (GLD))
Filling the gap back up to Thursday’s 1236.00 gap Friday didn’t attract new sponsorship, as Sunday night’s dip gapped down Monday to the 1229.00-1230.00 buy signal and extended to probe under Monday’s lows and attack 1220.00..

Silver Mar Contract (SI, ETF: (SLV))
Ranging sideways Sunday at Friday’s highs above 18.00 didn’t prevent Monday dipping back down to test 17.75. Nothing requires extending higher relentlessly, but avoiding a reversal down would nest target 18.18 above.

30-year Treasury Mar Contract (US, ETF: (TLT))
Gapping down Monday to 151-31 was unable to bounce like Friday’s test, and extended down to fresh lows.

Crude Oil Mar Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Friday’s gap up to 53.55 was rejected by Monday’s gap down back under it. Which is not necessarily bearish, or at least not immediately bearish, until 52.55 is broken as support.

Natural Gas Mar Contract (NG, ETF: (UNG, UNL))
Sunday night’s gap down persisted into Monday’s open to probe fresh lows nearing the 2.91 target.