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))
The bounce into Wednesday afternoon was retraced Thursday back down to Wednesday’s lows, still hovering above the 1.0860 sell signal.

Gold Jun Contract (GC, ETF: (GLD))
Wednesday’s post-close blip-down was only attacked by Thursday morning’s dip to 1262.00, which also reacted up to attempt forming a bottom to the pullback.

Silver May Contract (SI, ETF: (SLV))
The relentless selling produced a fresh low Thursday, which maintains the degree of difficulty to recovering. But the slide can still qualify as only a correction, so long as Friday avoids a fresh low close.

30-year Treasury Jun Contract (US, ETF: (TLT))
Still fluctuating Thursday at or within Wednesday’s range continued to suggest a fresh low remains likely down to 151-22 before a recovery would be credible.

Crude Oil Jun Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Wednesday afternoon’s dip extended down overnight and Thursday morning, retesting the recent bottoming attempt’s lows. Closing above 50.00 before the weekend would resuscitate the bottoming pattern.

Natural Gas Jun Contract (NG, ETF: (UNG, UNL))
Weakness into and out of Thursday’s EIA report was at least in-line with the report not being greeted from a position of strength. But at least an eventual third lower close remains outstanding.