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))
Probing slightly higher Sunday night was retraced briefly to test the 1.0585 bounce limit as support. Monday’s open had recovered it, but the bounce was reversed back down to all but resume the decline .

Gold Apr Contract (GC, ETF: (GLD))
Bouncing overnight stopped slightly short of 1238.00 resistance. Its recovery would have signaled the decline had ended short of fulfilling its likely 1218.00 objective. Reacting down into negative territory at 1225.00 maintained the decline’s momentum.

Silver May Contract (SI, ETF: (SLV))
Sunday night’s bounce was erased through Monday morning to hover optimistically at or above 17.75, still likely to test fresh lows at 17.55.

30-year Treasury Jun Contract (US, ETF: (TLT))
[Rolling coverage forward to Jun, which trades at a 1-08 discount to Mar] Bouncing Sunday night tested 149-24 (basis Jun, 151-00 basis Mar) resistance into Monday’s open, before reacting back down to last week’s lows, likely to extend down as the trend change remains in effect.

Crude Oil Apr Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Monday morning’s bounce attacked the 53.58 sell signal but reacted back down  to 53.00, where another break to fresh lows Tuesday would be likely to extend down intraday.

Natural Gas Apr Contract (NG, ETF: (UNG, UNL))
Room up to 2.86 was gapped over at Sunday night’s open. No new sponsorship was attracted to extend the rally, as price fluctuated narrowly through the day.