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))
Wednesday’s dip back into last month’s 1.2260-1.2300 range was extended to its lower-end Thursday. Still overlapping Wednesday’s 1.2275 close does undermine whether Thursday produced a fresh low close that would fulfill the confirmed breakout.

Gold Apr Contract (GC, ETF: (GLD))
The next lower objective at 1312.50 down to 1309.00 reacted up Thursday to test 1324.50, avoiding a close under 1312.50 that would have put into play much lower objectives .

Silver Mar Contract (SI, ETF: (SLV))
Thursday’s low came within a nickel of touching the next lower objective at 16.15. Its reaction tested  16.60 but didn’t reverse the trend up, so 16.15 remains outstanding.

30-year Treasury Mar Contract (US, ETF: (TLT))
Thursday’s 143-20 low could fulfill the required third lower close in-play from the recent confirmed breakout. The 144-12 prior relative low shouldn’t be recovered first.

Crude Oil Mar Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
The 61.50 target that was met and held Thursday was probed Thursday down to 60.60. Back above 62.30 would launch a new rally leg. Otherwise, extending to fresh lows would next target 59.80 and 57.25.

Natural Gas Mar Contract (NG, ETF: (UNG, UNL))
Still ranging narrowly at pullback lows around 2.70 Thursday doesn’t prevent a close back above 2.86 from launching a recovery.