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))
Fresh lows under 1.2000 almost prevented another opportunity to start forming a bottom. But the afternoon’s recovery back into Tuesday’s range makes immediately upside follow-through credible for extending initially to 1.2120-1.2160.

Gold Jun Contract (GC, ETF: (GLD))
Wednesday’s gap up held under its 1316.00 bounce limit to maintain the downside momentum of Tuesday’s confirmed breakout still requiring an eventual third lower close, and probably to extend down to 1294.00.

Silver Jul Contract (SI, ETF: (SLV))
Gapping up Wednesday filled the gap back to Monday’s 16.40 highs, but didn’t threaten to recover the 16.45 sell signal. An eventual third lower close is required to fulfill the confirmed breakout.

30-year Treasury Jun Contract (US, ETF: (TLT))
Probing lower overnight was recovered to continue fluctuating intraday Wednesday around the 143-07 sell signal, whose break Thursday would greet Friday’s Employment Situation report from a position of weakness.

Crude Oil Jun Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Wednesday morning’s weakness didn’t repeat Tuesday’s attack on the 66.80 pullback limit where a snap back up could launch a rally to fresh highs. A bounce back into positive territory must extend higher without delay to avoid making fresh lows down to 66.35 likely.

Natural Gas Jun Contract (NG, ETF: (UNG, UNL))
Tuesday’s rally had to contain the corrective bounce’s peak to maintain the confirmed breakout pattern which is still awaiting at least a third lower close under 2.72 Wednesday’s gap down did weaken intraday, greeting Thursday’s EIA report from a mixed position..