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 lower lows approached the pullback’s potential to 1.0865. Almost any initial strength Wednesday would be likelier to fill the gap back up to Friday’s close.

Gold Jun Contract (GC, ETF: (GLD))
Fresh lows overnight resumed the decline Tuesday, still targeting fresh lows at 1206.00-1211.00.

Silver Jul Contract (SI, ETF: (SLV))
Breaking lower overnight gapped down Tuesday to resume the decline that is still targeting 15.95.

30-year Treasury Jun Contract (US, ETF: (TLT))
Monday’s close was still overlapping prior intraday lows to confirm that sellers aren’t strong-handed, but not that buyers aren’t patient and awaiting the next lower objective at 150-22 before recovering. Fresh lows overnight did extend down to 150-19. So, closing above 150-22 Tuesday and not confirming with a second consecutive lower close Wednesday would be in-line with a bottom beginning to form.

Crude Oil Jun Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Overnight strength had attacked Sunday night’s ~47.00 high before Tuesday’s open. Intraday action only ranged narrowly sideways ahead of the post-close API report, and Wednesday morning’s EIA.

Natural Gas Jun Contract (NG, ETF: (UNG, UNL))
Firming overnight continued to reflect optimism, probably ineffectual, although it was relatively large up to 3.24. Back above 3.27 would undermine the outstanding objective of probing under 3.11.