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))
Another narrowly fluctuating session Wednesday doesn’t change the likelihood of probing fresh highs, although the delay does start to suggest a knee-jerk reaction down may appear first.

Gold Jun Contract (GC, ETF: (GLD))
Tuesday’s flat close had avoided confirming Monday’s breakout, so no lower close was required. Wednesday morning did probe fresh lows anyway, attacking 1245.50. Closing back above 1254.50 would suggest the decline is lapsing, but a recovery still relies on closing above 2359.00

Silver Jul Contract (SI, ETF: (SLV))
Eleven days of the Up/Dow-crash setup finally broke forcibly Wednesday, down. Unless 17.05 were recovered through the next close, 15.95 is in-play.

30-year Treasury Jun Contract (US, ETF: (TLT))
Narrow ranging ahead of Wednesday’s FOMC policy statement hovered just under the 153-12 buy signal.

Crude Oil Jun Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
RSIs diverged positively on Wednesday’s retest of Tuesday’s fresh low down to 47.30. Closing above 48.10 would now start to suggest another bottoming pattern is trying to form. But the actual reversal signal is still no lower than 49.30 until there is more complexity at the low.

Natural Gas Jun Contract (NG, ETF: (UNG, UNL))
Firming Wednesday back above the original 3.21 sell signal didn’t recover a prior high that might have greeted Thursday’s EIA report from a position of strength. A fresh low close under 3.11 remains outstanding.