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 down Wednesday to Tuesday’s 1.0920 open prevented forming an Island. Dipping into Monday’s range was recovered back up toward Tuesday’s above 1.0960.

Gold Jun Contract (GC, ETF: (GLD))
Remaining under pressure through Wednesday remained in proximity to the pullback’s 1261.00 area target. That was tested in reaction to tax reform headlines, which reacted up back above 1266.00.

Silver May Contract (SI, ETF: (SLV))
Trending down throughout Wednesday to a fresh pullback low then blipped-down on tax reform headlines, before firming.

30-year Treasury Jun Contract (US, ETF: (TLT))
Choppy ranging Wednesday didn’t didn’t reverse momentum up, suggesting the 151-22 pullback objective remains in-play so long as 153-12 isn’t recovered.

Crude Oil Jun Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Wednesday’s reaction to EIA surged to a fresh recovery high at 50.20, which was consolidated into the close.

Natural Gas Jun Contract (NG, ETF: (UNG, UNL))
Gapping up Wednesday just under the 3.21 “higher prior lows” sell signal extended higher to 3.28. At least an eventual third lower close remains outstanding, so the one-day reversal isn’t greeting Thursday’s EIA report from a position of strength.