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 up Monday extended to test the 1.2390 buy signal. Closing back under 1.2340 would reject the recovery attempt. It would become a pullback limit if the buy signal triggers first, which would target 1.2480-1.2510.

Gold Jun Contract (GC, ETF: (GLD))
Slightly weaker action Sunday night was recovered into the open to range narrowly unchanged Monday. Resistance at 1339.00 was probed late in the day, which must be rejected with little if any delay Tuesday to maintain the pattern’s downside potential.

Silver May Contract (SI, ETF: (SLV))
Monday initially ranged flat-to-higher around 16.40 resistance before extending to attack 16.55 into the afternoon. Just closing above 16.40 invalidates the close under it that was awaiting a second consecutive lower close to confirm. Closing above 16.55 would  essentially signal the trend reversing up again.

30-year Treasury Jun Contract (US, ETF: (TLT))
Friday’s unimpressive reaction to the Employment Situation report didn’t look any better Sunday night, or Monday which ranged narrowly flat-to-lower. None of which yet invalidates the attraction to fill the gap back up to last Monday’s 146-26 close.

Crude Oil Apr Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Gapping back up above the 62.62 pullback limit Monday extended only slightly higher intraday, but keeps alive potential for closing even higher Tuesday to signal the pullback has ended and that 66.88 is back in-play.

Natural Gas May Contract (NG, ETF: (UNG, UNL))
Collapsing at Monday’s open from 2.70 fell to within 2 cents of retesting the 2.62 prior low. Consolidating there resolved back up to test 2.70. Closing higher Tuesday would have to get a benefit of the doubt for being able to avoid fresh lows before rallying to fresh highs.