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))
Sharply higher highs overnight probed well above the 1.0900 target to 1.0950 before settling back to attack 1.0900 as support. Closing back under 1.0895 would start to signal momentum reversing down.

Gold Apr Contract (GC, ETF: (GLD))
Initially rallying to fresh highs Monday morning at 1261.00 did react down to 1252.50, which was still sufficient to fulfill the minimum requirement for at least one more higher close outstanding.

Silver May Contract (SI, ETF: (SLV))
Sunday night’s rally extended through the 17.90 target to test 18.15, and must now hold above 17.90 to maintain the rally’s momentum.

30-year Treasury Jun Contract (US, ETF: (TLT))
The next higher objective at 152-00 was tested Sunday night. Monday morning’s reaction down tested the adjusted pullback limit at 151-12. Closing under the recovery’s gap up suggests the rally is waning, but there is room down to 150-24 before suggesting momentum reversing down.

Crude Oil May Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Proximity to the 48.50 buy signal and two days of narrow ranging didn’t prevent attacking last week’s lows under 47.10. Recovering up to resistance didn’t recover positive territory, which reflects “ineffectual pessimism” that keeps alive near-term potential to recover.

Natural Gas Apr Contract (NG, ETF: (UNG, UNL))
Gapping up Sunday night to fresh highs at 3.12-3.13 didn’t extend and only overlapped last week’s “lower prior highs.” Closing under lower prior highs suggests a new rally leg is not starting.