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))
Rallying significantly overnight easily probed above the gap back to last Friday’s close and the rally’s original 1.1025 target. Friday’s 1.0920 buy signal has already fulfilled its requirement for at least a third higher close. Topping from a new high’s gap up is unlikely.

Gold Jun Contract (GC, ETF: (GLD))
Tuesday was Gold’s turn to outperform, probing above Monday’s highs and above the upper-end of the 1228.00-1236.00 range. Back under 1228.00 would resume the decline.

Silver Jul Contract (SI, ETF: (SLV))
Tuesday’s shallow gap up remained within Monday’s range, which had trended down intraday from gapping up. Breaking under Monday’s low would launch the next downleg.

30-year Treasury Jun Contract (US, ETF: (TLT))
Initial weakness Tuesday was reversed up sharply through 151-22 to 152-00, whose recoveries through the close would make a recovery increasingly likely to be underway.

Crude Oil Jun Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Ranging narrowly Tuesday between 48.90-49.30 avoided immediately rejecting Monday’s extension of the rally, which suggests the pattern intends to probe higher again, but not necessarily that Wednesday’s EIA is being greeted from a position of strength.

Natural Gas Jun Contract (NG, ETF: (UNG, UNL))
Gapping down Tuesday probed under the 3.29 sell signal, which would target fresh lows under 3.11. Bouncing first remains possible, potentially to more thoroughly test the rally’s 3.42-3.45 target.