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))
Spiking up very late before Tuesday’s open through the 1.2390 buy signal tested 1.2425 resistance, whose confirmed break would target 1.2480 and 1.2530. The noon hour retraced back down to Monday’s “lower prior highs” at 1.2390.

Gold Jun Contract (GC, ETF: (GLD))
Firming further at Tuesday’s open tested 1344.00, whose recovery would target the gap above back to 1360.00. Closing under 1333.00 would resume the decline.

Silver May Contract (SI, ETF: (SLV))
Extending higher Tuesday morning probed 16.55 resistance, and makes a retest of prior highs up to 16.80 likely. Closing back under 16.40 would reverse the trend down.

30-year Treasury Jun Contract (US, ETF: (TLT))
Flat-to-higher ranging briefly pierced Friday’s 146-02 high, still getting a benefit of the doubt for extending to fill the gap back up to last Monday’s 146-24 close.

Crude Oil Apr Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Monday’s gap up to the 62.62 pullback limit had extended to the thoroughly tested 63.60 gap. Surging overnight gapped up to the 64.25 buy signal and extended to test 65.50. The 66.88 target is in-play.

Natural Gas May Contract (NG, ETF: (UNG, UNL))
Monday’s bounce was retraced Tuesday morning back down to Monday’s lows, still likely to probe the pullback’s original 2.62 low on the way down to 2.52.