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))
Recovering Thursday’s gap down to fresh lows through the close was extended higher overnight and through Friday’s open to fully test its 1.2340 bounce potential. Tuesday’s confirmed breakout still requires at least an eventual third lower close, which closing under 1.2340 would trigger.

Gold Apr Contract (jUN , ETF: (GLD))
Rallying overnight prevented the 1313.50 sell signal from being confirmed Friday, but its reversal held resistance at 1325.00, and breaking back under 1312.50 would reinstate the decline’s momentum.

Silver May Contract (SI, ETF: (SLV))
Having fulfilled the decline’s minimum objective of filling the three-week old gap down to 16.25, an overnight bounce extended through Friday’s open and tested the 16.55 bounce limit. It held, closing back under 16.50 to avoid reversing momentum up.

30-year Treasury Jun Contract (US, ETF: (TLT))
Probing slightly higher overnight was reversed down through Friday morning to test what had been the 143-12 bounce limit, which is now a sell signal if triggered through the close.

Crude Oil Apr Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Wednesday’s drop to 60.25 support had reacted up Thursday to touch the decline’s 61.35 bounce limit. Reacting down overnight and through Friday morning returned to 60.25, and the balance of the session fluctuated between the two into the weekend.

Natural Gas May Contract (NG, ETF: (UNG, UNL))
Still testing prior highs at 2.74 has created two paths down — either to collapse under 2.69, or else for a blip-up to 2.81 to snap back down into a drop to fresh lows where a bottom can form.