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’s close under 1.0905 didn’t prevent Tuesday from probing above Sunday night’s 1.0918 highs to attack 1.0980. Closing back under 1.0925 would signal a reversal back under 1.0905 targeting 1.0860 in-play.

Gold Jun Contract (GC, ETF: (GLD))
Tuesday’s probe under Sunday night and Monday’s lows tested 1263.00, leaving room down to 1261.00-1262.00 for a more thorough pullback to complete.

Silver May Contract (SI, ETF: (SLV))
Gapping down Tuesday probed fresh lows under 17.55, no longer testing the 17.90 pullback limit whose recovery would target at least 18.18.

30-year Treasury Jun Contract (US, ETF: (TLT))
Tuesday’s gap down back to Monday’s 152-26 open slid deeper to at least 152-08, instead of recovering 153-12 to signal that a recovery has begun. The pullback is now likely to first test 151-20.

Crude Oil Jun Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Initially dipping to test the original 48.90 buy signal was recovered to probe back above 49.30, suggesting that a bottom is forming. A recovery would not delay chipping away at 50.60 resistance.

Natural Gas Jun Contract (NG, ETF: (UNG, UNL))
Remaining under pressure Tuesday only attacked and tested Monday’s lows, but didn’t close lower to fulfill the confirmed breakout’s requirement for at least one eventual lower close.