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))
Continued optimism for the France’s establishment candidate winning this weekend’s vote greeted Friday probing fresh highs to attack the 1.1025 objective where there is greater vulnerability to reversing down.

Gold Jun Contract (GC, ETF: (GLD))
Bouncing overnight to the 1228.00-1236.00 range’s upper-end had begun already resolving down before Friday’s open, which quickly returned to the range’s lower-end. Not immediately rejecting the range’s test makes the next lower objective likely in-play at 1206.00-1211.00.

Silver Jul Contract (SI, ETF: (SLV))
Narrow ranging overnight was resolve back down Friday to attack Thursday’s lows to within 2 cents, keeping alive the downside momentum still targeting 15.95.

30-year Treasury Jun Contract (US, ETF: (TLT))
Initially spiking up Friday to what had been the decline’s 152-08 bounce limit was reversed back down to continue fluctuating around the decline’s 151-20 target.

Crude Oil Jun Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Closing Thursday at the intraday plunge’s lows which is also 45.40 support nevertheless launched another plunge overnight to 43.75, not attributed to any fundamental reason. The plunge was recovered entirely, and then probed above 46.17. Closing above it would trigger a corrective bounce targeting “higher prior lows” at 47.65.

Natural Gas Jun Contract (NG, ETF: (UNG, UNL))
Friday gapped up to and through the ongoing 3.21 sell signal and extended back into the week’s range at 3.27. Unfinished business below remains outstanding at 3.11, but there’s no bearish reason to close any higher.