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 Dec Contract (EC, ETF: (FXE, UUP))
Having held its 1.1330 pullback limit Friday, closing back above 1.1370 would signal a new upleg underway. It was probed overnight up to 1.1380 but still being tested through the afternoon.

Gold Feb Contract (GC, ETF: (GLD))
Sunday night’s rally gapped up Monday to ~1235.00 prior highs and added $5-6 intraday. A second consecutive higher close Tuesday would overcome the bearish distributive pattern that had been forming but never was confirmed.

Silver Mar Contract (SI, ETF: (SLV))
Monday’s gap up above last week’s ~14.45 highs probed another dime higher intraday to fill a 2-week old gap. The gap held, but closing higher Tuesday would undermine the bearish bigger picture.

30-year Treasury Dec Contract (US, ETF: (TLT))
Gapping down Sunday night to 140-06 was recovered through Monday morning to fresh highs at 141-06. The previous range does qualify as multi-session. So, closing higher Tuesday would confirm a breakout underway.

Crude Oil Jan Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
It’s premature for gapping up to launch a durable rally, but Monday’s gap up is in-line with the pattern. The gap should be filled, and preferably not minimally, before a new upleg would be credible.

Natural Gas Jan Contract (NG, ETF: (UNG, UNL))
Gapping down Monday below the 4.44 buy signal filled a gap back down to 4.33, which held, but must still recover 4.44 to reinstate the rally.