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))
Gapping down Friday extended to the 1.2435 sell signal but was still overlapping it through the afternoon. Back above 1.2465 would suggest the sell signal’s test had held so that the gap back up to 1.2530 could be filled next.

Gold Apr Contract (GC, ETF: (GLD))
Fresh highs overnight attacked the 1366.00 gap up to 1364.40 but dipped back down to spend the day withing Thursday’s range. Post-close selling attacked 1347.00 support, which must hold to keep alive the upside momentum.

Silver Mar Contract (SI, ETF: (SLV))
Friday’s ranging still did not recover 16.80 resistance, and post-close action dipped to Thursday’s 16.60 low. Any lower Monday could attack recent lows.

30-year Treasury Mar Contract (US, ETF: (TLT))
Restrained optimism through Thursday’s close left no excuse to delay triggering the 144-12 buy signal. It was probed Friday morning but the afternoon mostly fluctuated around it narrowly. Probing above 145-00 would be credible for triggering the signal.

Crude Oil Mar Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Probing higher Thursday night still did not reject the 61.50 bounce limit’s test, which was still being overlapped through Friday afternoon. Back under 59.80 would resume the decline next targeting 57.20.

Natural Gas Mar Contract (NG, ETF: (UNG, UNL))
Still fluctuating narrowly around 2.56 support Friday instead of finally rejecting it suggests that it will be probed, undermining any early strength that might develop Monday.