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 Mar Contract (EC, ETF: (FXE, UUP))
Tuesday night’s surge had reversed back down throughout Wednesday’s session, but maintained its second consecutive lower close to require another eventual lower close. Thursday’s gap up back to Tuesday night’s high extended intraday to fill the gap back up to Friday’s 1.2100 close. There is no outstanding attraction above, and back under 1.2030 would resume the decline.

Gold Feb Contract (GC, ETF: (GLD))
Narrow ranging Thursday morning after Tuesday night’s surge to fresh highs doesn’t reject the rally attempt, and almost suggests that it will be retried and extend. Meanwhile, the 1308.85 sell signal remains valid.

Silver Mar Contract (SI, ETF: (SLV))
Thursday’s flat-to-lower ranging pierced the 16.95 sell signal momentarily during the morning, and closed back at it. Any initial weakness would be credible for extending down.

30-year Treasury Mar Contract (US, ETF: (TLT))
Wednesday’s session-long bounce still closed negative, confirming Tuesday’s breakout and requiring another eventual lower close. Bounce potential to higher prior lows around 150-26 or 151-16 remains alive, despite already filling the gap back up to Tuesday’s 150-08 close and holding.

Crude Oil Feb Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
The longstanding 64.25-64.75 target was fulfilled at Thursday morning’s high, which traded out the session flat-to-lower. Back under 63.15 would reverse the trend down.

Natural Gas Feb Contract (NG, ETF: (UNG, UNL))
Thursday’s EIA report was greeted from a position strength, and also from gapping up. Extending higher through the morning retested last week’s 3.07 highs, and a second consecutive higher close on Friday would confirm 3.17 and 3.29 are in-play.