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 late dip under 1.2395 was recovered at Thursday’s open. But not extended, as price hovered just above it.

Gold Apr Contract (GC, ETF: (GLD))
The post-close reaction down from Wednesday’s FOMC Minutes did produce a gap down Thursday, but it was recovered entirely to range around unchanged, hovering just under the 1335.00 buy signal that remains valid if triggered.

Silver Mar Contract (SI, ETF: (SLV))
Retesting the 16.40 sell signal overnight was recovered into a shallower gap down Thursday, which was retraced entirely to fill the gap back up to Wednesday’s close and to probe above Wednesday’s highs. Closing above Thursday’s 16.66 high would launch a new upleg.

30-year Treasury Mar Contract (US, ETF: (TLT))
Trending down to fresh lows in reaction to Wednesday’s FOMC Minutes had closed at 142-20. Thursday’s gap up extended to 143-18, but closing under 143-14 maintains the downside momentum, and the attraction to filling the gap back down to Wednesday’s close.

Crude Oil Apr Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Dipping down to 60.75 overnight had recovered to greet Wednesday’s EIA report at 61.35. Its reaction surged to fresh highs above 63.00. Not resuming the decline back under 61.35 for so long has been rewarded. Closing higher Friday would confirm a new rally leg underway.

Natural Gas Mar Contract (NG, ETF: (UNG, UNL))
Still ranging narrowly through Thursday’s EIA report is not strength, especially so long as 2.70 holds as resistance, and the pattern remains likely to probe fresh lows.