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))
Thursday’s ECB policy statement triggered a blip-down to 1.2190 that was reversed into positive territory up to 1.2255. But that has eventually reversed down sharply to fresh lows attacking 1.2140. This is still not an accumulative pattern, so any bounce is likely to fail.

Gold Jun Contract (GC, ETF: (GLD))
Volatility around Thursday’s ECB events firmed to test 1327.00, only to resolve down and attack 1316.00. Closing lower Friday would target 1294.00.

Silver May Contract (SI, ETF: (SLV))
Despite having held 16.55 as support Wednesday, Thursday morning dipped to the 16.40 sell signal without triggering it. Closing above 16.75 would signal momentum reversing up.

30-year Treasury Jun Contract (US, ETF: (TLT))
Thursday’s bounce to 142-20 easily held under the 142-25 bounce limit that keeps alive downside potential next targeting 141-04. .

Crude Oil Jun Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Having tested the lower-end of the past week’s range on Wednesday, Thursday gapped up, but the balance of the session only fluctuated around unchanged. Bounces have room up to 68.90 without yet signaling a new rally leg underway.

Natural Gas Jun Contract (NG, ETF: (UNG, UNL))
Wednesday’s close above 2.78 resistance at the recent range’s 2.82 upper-end was extended to fresh highs at 2.84 in reaction to Thursday’s EIA report. That’s officially a breakout, awaiting confirmation or not by a second consecutive higher close Friday.