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 surge to new highs was unlikely to reverse anytime soon, as confirmed by extending higher overnight and Wednesday. A top is still unlikely to be evident soon, but potential of backing-and-filling can’t be dismissed.

Gold Jun Contract (GC, ETF: (GLD))
Political instability triggered an overnight surge that filled an outstanding gap above before Wednesday’s open. Extending higher post-open tested “higher prior lows” at 1253.00, with the next higher potential being 1261.50.

Silver Jul Contract (SI, ETF: (SLV))
Breaking higher overnight still had difficulty at 16.75 Wednesday, but maintained potential for testing 17.09, so long as 16.75 isn’t broken as support.

30-year Treasury Jun Contract (US, ETF: (TLT))
Political instability and sliding stocks triggered a second consecutive session to rally Wednesday, of blowout proportions, confirming the bottoming pattern that was first signaled on Friday. Breaking above both 151-22 and 152-00 reversed momentum up and extended substantially to 153-26. Pullbacks must hold 152-27 to avoid reversing down.

Crude Oil Jun Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
The reaction to Wednesday’s EIA report bounced back up to the 48.90-49.30 range’s upper-end, largely ignoring the turmoil in other markets.

Natural Gas Jun Contract (NG, ETF: (UNG, UNL))
Wednesday extended the prior two days of selling by extending under the original 3.21 sell signal, down to 3.16 where the original sell signal’s breaks had run into support. Considering the degree of the interim bounce, there’s no bullish reason to have retraced.