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 Jun Contract (EC, ETF: (FXE, UUP))
Tuesday’s gap down probed the gap between Friday’s highs and Monday’s lows, there being a gap in between. Back above 1.2435 would resume the rally targeting 1.2510 and 1.2535..

Gold Jun Contract (GC, ETF: (GLD))
Overnight weakness was recovered Tuesday morning to firm back above 1347.25 and keep alive the recovery attempt, targeting a retest of 1361.00-1364.00, so long as 1344.00 now holds as support.

Silver May Contract (SI, ETF: (SLV))
Overnight weakness held above 16.55 to maintain upside momentum, before reversing up Tuesday morning to fulfill the retest of 16.80. The recovery has no requirement to extend, but closing higher Wednesday would all but confirm a bigger rally underway.

30-year Treasury Jun Contract (US, ETF: (TLT))
Holding 145-04 support at Monday’s gap down had recovered to fill the gap back up to Friday’s close, but Tuesday extended the recovery to 146-00, still likely to test at least 146-10 as a corrective bounce.

Crude Oil Jun Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
A slightly lower low at 65.60 Tuesday was recovered to fluctuate narrowly around unchanged, not yet reversing the pullback that still has room down to 65.25 before threatening not to resume the rally soon.

Natural Gas May Contract (NG, ETF: (UNG, UNL))
Still fluctuating around the 2.75 bounce limit Tuesday keeps alive the potential for resolving down and resuming the decline, although the delay itself could become bullish Wednesday.