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))
Four consecutive narrowly ranging sessions finally tried breaking Tuesday. The 1.2368 high hadn’t yet met last week’s 1.2347 overnight high, but the session largely developed above the week-old 1.2315 high close.

Gold Feb Contract (GC, ETF: (GLD))
Flat-to-higher ranging Tuesday tested 1338.00, still short of the attraction above at 1340.50 whose recovery would confirm a new upleg underway.

Silver Mar Contract (SI, ETF: (SLV))
Just returning to 16.95 was likely to probe lower after having chipped away at its support for two weeks. Its probe on Tuesday tested 16.75 and held it, albeit struggling to recover above higher prior lows. The move is in-line with Copper’s break to fresh lows, so a second consecutive lower session would be bearish.

30-year Treasury Mar Contract (US, ETF: (TLT))
Tuesday’s probe above the 149-10 bounce limit up to 149-22 was reversed to test the 149-02 sell signal that would reinstate the decline, which is still targeting fresh lows.

Crude Oil Mar Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Each of the two recent tests of the 63.10 pullback limit have produced bounces back to the range’s  64.70 upper-end. At least an attack on 66.00 is likely.

Natural Gas Feb Contract (NG, ETF: (UNG, UNL))
Rallying overnight through the rally’s original 3.29 target up to 3.45 has resumed the rally, assuming there is a second higher close to confirm.