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))
Friday’s trigger of the 1.0920 buy signal was extended higher overnight and through Monday morning, already attacking its minimum objective to fill the gap back up to 1.1010. A second consecutive higher close would also require an eventual third, making the original 1.1025 target’s retest likely, too.

Gold Jun Contract (GC, ETF: (GLD))
Firming further overnight to the bounce’s highest levels tested the 1228.00-1236.00 range’s upper-end. The balance of the session drifted back down to its lower-end. Closing lower Tuesday would suggest the 1206.00-1211.00 target is in-play.

Silver Jul Contract (SI, ETF: (SLV))
Sunday night extended the rally considerably, probing slilghtly higher Monday morning to test the original 16.75 sell signal that had put into play 15.95 which remains outstanding below 16.40.

30-year Treasury Jun Contract (US, ETF: (TLT))
Overnight choppiness remains in proximity to trigger the 151-22 inflection point, preferably also recovering 152-00 to help confirm a bigger bounce underway.

Crude Oil Jun Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Sharply higher highs Sunday night probed the rally’s 48.85 target, up to 49.66, ranging Monday around 49.30 resistance. That had been confirmation to the prior rally leg, so recovering it again would be challenging while a gap remains outstanding at the low.

Natural Gas Jun Contract (NG, ETF: (UNG, UNL))
Sunday night’s gap down from the rally’s 3.42-3.45 target area responded appropriately to the area’s vulnerability. Monday didn’t extend the gap down, but neither was it recovered. A second consecutive lower close Tuesday is needed to confirm fresh lows under 3.11 are in-play.