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))
Rallying Sunday night through Monday morning helped to confirm Friday’s extra dip had neutralized the attraction below. Closing above 1.1470 and 1.1500 helps to confirm a rally leg is underway.

Gold Feb Contract (GC, ETF: (GLD))
Gapping open Sunday night back above 1261.50 rejected Friday’s selling pressure, trending up intraday to fresh highs above 1271.00, targeting 1283.50 and 1319.50 if confirmed by a second consecutive higher close.

Silver Mar Contract (SI, ETF: (SLV))
Friday’s close under 14.71 wasn’t substantial, and neither was Sunday night’s gap open back above it. Firming intraday back up to 14.83 resistance triggered no new signal.

30-year Treasury Mar Contract (US, ETF: (TLT))
Already firming into Monday’s open had begun probing above the 145-08 buy signal. But the balance of the session only fluctuated around it, requiring a second consecutive higher close above it to have confidence in a new upleg being underway.

Crude Oil Feb Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Flat-to-lower ranging Sunday night was still contained within Friday’s range, but that gave way Monday as the decline resumed to new lows. There is probably no lower requirement, but almost any surge would be credible for beginning to form a low.

Natural Gas Jan Contract (NG, ETF: (UNG, UNL))
Despite having recovered an extra swing to resume forming an Ascending Triangle, Sunday night’s gap down extended to already break the pattern’s support and resume the anticipated decline, with potential down to 3.33.