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))
Gapping up above Monday’s 1.0640 high initially extended higher to test 1.0665 but dipping back under Monday’s highs. The “ineffectual pessimism” does require resolving down immediately to confirm fresh lows at 1.0550 remain in-play.

Gold Jun Contract (GC, ETF: (GLD))
Gapping up Tuesday above Monday’s 1259.00 high extended to probe above Monday morning’s 1273.00 high to test 1276.00. The pattern doesn’t require any higher high, but the rally remains intact so long as 1272.00 holds as support.

Silver May Contract (SI, ETF: (SLV))
Rallying through Tuesday morning tested the 18.30 pullback limit that had broken sharply lower Friday afternoon. Pullbacks must now hold 18.06 to maintain the recovery potential.

30-year Treasury Jun Contract (US, ETF: (TLT))
Gapping up slightly Tuesday morning amid more geopolitical anxiousness extended sharply through the morning to test Friday’s 153-04 high. Back under 152-04 would suggest the topping pattern remains intact.

Crude Oil May Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Initially dipping Tuesday morning to 52.70, OPEC headlilnes triggered a spike up during the noon hour to a fresh high attacking the 53.55 buy signal to within 20 cents. The pullback limit is now 52.00.

Natural Gas May Contract (NG, ETF: (UNG, UNL))
Gapping down slightly Tuesday extended to within 1 cent of the 3.13 sell signal. Its break wouldn’t be very reliable without first bouncing, potentially back above 3.19 to 3.27.