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))
Tuesday’s narrow inside day still hasn’t fulfilled a likely probe of fresh highs, and it’s already too late to reject at least a fresh high except to correct the rally.

Gold Jun Contract (GC, ETF: (GLD))
Initially trying to extend this week’s drop probed a couple of dollars under Monday’s low to attack 1252.50. Closing above 1259.00 would signal the drop had ended, but under 1251.50 could extend it considerably.

Silver Jul Contract (SI, ETF: (SLV))
Firming ahead of Tuesday’s open touched the 17.02 resistance before dipping to momentarily pierce under Monday’s low down to 16.80. The break did not trigger a collapse, leaving open the potential for recovering sharply in the Up/Down-crash setup.

30-year Treasury Jun Contract (US, ETF: (TLT))
Tuesday extended the bounce to a full point off of Monday’s low taht fulfilled the ~151-21 target. A second consecutive higher close Wednesday above the 152-08 bounce limit would confirm the trend had reversed up, at which point pullbacks must hold 152-14.

Crude Oil Jun Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
The bottoming potential may be done as Tuesday dipped back to Thursday’s low, which at least Monday’s dip had managed to avoid. And momentum never reversed up by closing above 49.30 or 50.00, although that would still get a benefit of the doubt for extending higher.

Natural Gas Jun Contract (NG, ETF: (UNG, UNL))
Initially bouncing Tuesday up to 3.27 was reversed back under Monday’s low to 3.19, and back under the 3.21 sell signal whose prior confirmation already requires at least one close under 3.11.