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 Jun Contract (EC, ETF: (FXE, UUP))
Monday morning’s extremely narrow ranging at Friday’s high gave way just a bit into the afternoon, still hovering dangerously close to the 1.0695 sell signal.

Gold Apr Contract (GC, ETF: (GLD))
Sunday night firmed up to 1235.50 before dipping back into the range most of Monday. It was attack Monday afternoon by probing back above the 1232.50 gap up that had been tested already Thursday.

Silver May Contract (SI, ETF: (SLV))
The 17.50 resistance that had held its brief test Thursday was retested Monday. Its recovery would target 17.90.

30-year Treasury Jun Contract (US, ETF: (TLT))
Never rejecting Friday’s recovery to the 148-20 bounce target, which had held its test Thursday night, enabled its probe to fresh highs Monday. Unless rejected soon and aggressively, the bounce can next extend to 150-06.

Crude Oil Apr Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Monday’s gap down touched the “lower prior high” of Tuesday’s range, which had formed while Tuesday’s lower-end was fulfilling the 47.25 target. “Unfinished business above” at Friday’s close was then nearly neutralized, too. No further weakness is required before launching a corrective bounce.

Natural Gas Apr Contract (NG, ETF: (UNG, UNL))
Gapping down Sunday night didn’t prevent Monday morning from rallying back above 2.95. And also back above 3.00 to require triggering the 2.95 sell signal Tuesday to avoid fresh highs.