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 Mar Contract (EC, ETF: (FXE, UUP))
Thursday’s rally high attracted no new sponsorship, allowing Friday’s gap down to extend lower and fill the gap back to Tuesday’s 1.1450 close.

Gold Feb Contract (GC, ETF: (GLD))
.Gapping down Friday back under Thursday morning’s high extended lower until filling the gap back down to Wednesday’s 1257.00 close. Resuming the rally Monday would be appropriate.

Silver Mar Contract (SI, ETF: (SLV))
Filling the gap Thursday back up to the 14.83 area had not gained traction before dipping again into Friday afternoon. Closing lower on Monday would be credible for reversing the trend down.

30-year Treasury Mar Contract (US, ETF: (TLT))
A shallow overnight pullback nevertheless recovered to open unchanged Friday, but still resolved down under the 144-28 pullback limit. Back above 145-04 would resume the rally, to produce its requires eventual third higher close.

Crude Oil Feb Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Gapping down to fresh low Friday recovered into positive territory, but only to fluctuate narrowly around unchanged. Simply by not extending the rally, closing back above 47.00 can signal a substantial bounce underway.

Natural Gas Jan Contract (NG, ETF: (UNG, UNL))
Recent lows may be forming an Ascending Triangle, after all, as Friday bounced back up to the pattern’s 3.83 resistance and created another higher low in the interim. A break higher would likely be aggressive, but short-lived, reversing down to fresh lows from a test of 4.11.