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))
After probing the 1.0900 objective Monday but closing back under it, Tuesday extended further down to test “lower prior highs” at 1.0860. A bounce should fill the gap back up to Monday’s 1.0937 open before any deeper dip would be credible for extending down.

Gold Apr Contract (GC, ETF: (GLD))
Tuesday’s inside day immediately neutralized the gap back up to Monday’s 1258.00 open. A post-close dip tested “lower prior highs” at 1249.50 which must hold to maintain potential for one more higher close.

Silver May Contract (SI, ETF: (SLV))
Extending the rally Tuesday has returned to the orbit of “higher prior lows” at 18.30, with potential to probe even higher above 18.55 so long as 17.90 holds pullbacks as support.

30-year Treasury Jun Contract (US, ETF: (TLT))
Monday’s test of the 152-00 objective ended the day testing its 151-12 pullback limit. Extending down Tuesday filled the gap back to Friday’s 151-00 close. A bounce should fill the gap back up to Monday’s 151-26 open before triggering the 150-24 sell signal.

Crude Oil May Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Gapping up Tuesday above last week’s 48.00 resistance extended through the 48.50 buy signal. A second consecutive higher close on Wednesday would all but seal a bottom.

Natural Gas Apr Contract (NG, ETF: (UNG, UNL))
Flat-to-higher ranging Tuesday around 3.09 avoided triggering the 2.99 sell signal, but didn’t reinstate the uptrend.