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))
Still testing the 1.1500 buy signal Monday instead of extending higher doesn’t qualify as triggering it. But it also doesn’t reject the test, keeping it alive and credible for any new firming to extend higher intraday.

Gold Feb Contract (GC, ETF: (GLD))
Another overnight probe of fresh highs retested the 1284.00 target that had been met already before Friday’s open, but not tested intraday. Monday also isolated its test of 1284.00 to the overnight. Still not rejecting the target’s test(s) suggests the rally intends to extend higher, next targeting 1319.50.

Silver Mar Contract (SI, ETF: (SLV))
Fresh highs Sunday night weren’t rejected Monday, regardless of Friday already having fulfilled the confirmed breakout’s minimum requirement for at least an eventual third higher close.

30-year Treasury Mar Contract (US, ETF: (TLT))
Finally breaking higher Monday morning is trying to resume the 145-08 buy signal that was first probed Thursday. Already extending to 146-09, It gets every benefit of the doubt for launching a new upleg, so long as pullbacks now hold 145-08 as support.

Crude Oil Feb Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Greeting the new week already trying to firm back to the 47.00 buy signal is less optimal than first completing a pullback to 43.35-44.15. The recovery attempt failed, still likelier to complete the pullback first.

Natural Gas Feb Contract (NG, ETF: (UNG, UNL))
Despite already fulfilling the decline’s 3.26 target last week, and retesting it into the weekend, Sunday night’s open gapped down and extended to fresh lows. A bottoming pattern remains likely..