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))
Tuesday’s bounce up to “higher prior lows” from last Tue-Wed at  1.2400 reacted down Wednesday to the originally triggered sell signal at 1.2350, not yet down to the new sell signal at 1.2330.

Gold Apr Contract (jUN , ETF: (GLD))
Relatively subdued and directionless ranging Wednesday has no predictive value, other than to undermine Tuesday’s recovery effort.

Silver May Contract (SI, ETF: (SLV))
Tuesday’s recovery effort wasn’t confirmed by Wednesday’s relatively subdued and directionless ranging.

30-year Treasury Jun Contract (US, ETF: (TLT))
The 144-05 buy signal being tested at Tuesday’s close was almost immediately productive Wednesday on the way up to 145-04. That’s the highest level since early February, and forms a compelling Rounding Bottom pattern, despite having left outstanding two pre-inside day gaps.

Crude Oil Apr Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
The 61.35 bounce limit held an overnight test and reacted down sharply again, to the 60.25 prior low again, which held again. The likelier resolution continues to be down, so long as 61.35 holds as resistance.

Natural Gas May Contract (NG, ETF: (UNG, UNL))
Gapping down Wednesday to 2.74 confirms that Tuesday’s gap up wasn’t bullish, having held 2.81 prior highs and forming “ineffectual optimism.” But gapping down itself still wasn’t was bearish, having yet to reverse down. So, Thrusday’s EIA isn’t being greeted from a position of weakness.