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))
The opportunity to start forming a bottom was abandoned Friday by the Employment Situation reaction. Fresh lows at 1.1945 keep the trend intact, and all but require at least an intraday low before a reversal would be credible.

Gold Jun Contract (GC, ETF: (GLD))
Flat-to-lower ranging Friday all but ignored the morning’s Employment Situation report, while maintaining the 1316.00 bounce limit to keep alive the downside momentum.

Silver Jul Contract (SI, ETF: (SLV))
Flat-to-lower ranging Friday all but ignored the morning’s Employment Situation report, while maintaining the 16.45 bounce limit to keep alive the downside momentum.

30-year Treasury Jun Contract (US, ETF: (TLT))
An initially favorable knee-jerk reaction probed Thursday’s high up to 144-08. Reversing backdown into Thursday’s range also probed under it to test the 143-07 sell signal. Reversal signals aren’t very credible on the same day as the trend extreme, so delaying a break under 1433-07 would be more bearish.

Crude Oil Jun Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Already firming further overnight was confirming the pattern’s backing-and-filling down to the 66.80 area had likely ended the consolidation. Extending intraday to fresh highs attacking 70.00 essentially confirms.

Natural Gas Jun Contract (NG, ETF: (UNG, UNL))
Fluctuating Friday between 2.70-2.72 doesn’t invalidate the attempt to resume the decline, so almost any initial weakness Monday is likely to extend down.