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))
Fresh lows overnight were probed intraday Thursday after Wednesday’s ineffectual optimism. The buy signal can be lowered to 1.1475, with no requirement to trigger it, but no sell signal at work otherwise.

Gold Feb Contract (GC, ETF: (GLD))
Attacking the range’s upper-end on Wednesday only retraced back into the range on Thursday, still not resolving and becoming increasingly likely to break suddenly and sharply in one direction or the other.

Silver Mar Contract (SI, ETF: (SLV))
Sideways ranging persisted for yet another day, remaining vulnerable to a sudden explosion beyond the range in either direction, regardless of it possibly being a false breakout.

30-year Treasury Mar Contract (US, ETF: (TLT))
Gapping back up Thursday into the range was reversed to only fluctuate around the range’s 145-08 lower-end, still not signaling a break lower.

Crude Oil Feb Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Sideways ranging extended the hovering at recent highs, still likely at least to probe fresh highs regardless of the resolution.

Natural Gas Feb Contract (NG, ETF: (UNG, UNL))
Already retracing 61.8% of Wednesday’s intraday drop overnight produced a gap up Thursday. The 61.8% retracement held 3.56 intraday to range sideways and attack Wednesday’s close. There is no new signal.