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))
Monday bounced to fill the gap up to Thursday’s 1.0615 open, and then probed slightly higher to 1.0630 resistance. Its reaction down attacked the 1.0585 bounce limit, which must be retraced without delay to launch a final downleg targeting 1.0470.

Gold Apr Contract (GC, ETF: (GLD))
Monday morning’s fresh highs attacking 1265.00 were retraced but under 12259.00, threatening not fulfill the eventual third higher close that was put into play by last week’s confirmed breakout.

Silver Mar Contract (SI, ETF: (SLV))
Although its confirmed breakout was not optimal, Monday’s early strength tried to fulfill the requirement for an eventual third higher close. testing 18.47 was reversed back under Friday’s 18.39 high.

30-year Treasury Mar Contract (US, ETF: (TLT))
Friday’s gap up and extension didn’t follow-through Monday morning. Dipping into the afternoon was contained within Friday’s range, which only fails to confirm the breakout, but doesn’t reverse momentum down.

Crude Oil Apr Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Firming Sunday night only attacked last week’s highs, and Monday only fluctuated around 54.25. The sell signal remains at 53.58.

Natural Gas Apr Contract (NG, ETF: (UNG, UNL))
Gapping down Sunday night probed slightly lower to retrace into last Tuesday night’s inverted Head & Shoulders pattern. A probe under its 2.64 low is still required before a bottom can be credible.