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))
Wednesday’s early break above downtrending resistance was likely to extend higher intraday. A second consecutive higher close on Thursday would have reversed the trend up, but its early strength was blind-sided by Draghi’s comments after the ECB policy statement. Now a close above 1.1400 would trigger a trend reversal.

Gold Feb Contract (GC, ETF: (GLD))
Dipping back down Thursday to 1277.50 reacted up to 1283.00, both inflection points holding their tests instead of either one breaking to trigger new trending.

Silver Mar Contract (SI, ETF: (SLV))
Wednesday’s recovery back up to 15.40 again still wasn’t exploited Thursday as the session hovered under it, and just above 15.22 support.

30-year Treasury Mar Contract (US, ETF: (TLT))
Having filled the gap back down to Friday’s 144-18 close and neutralizing its attraction at Wednesday’s open, Thursday’s gap up above 145-08 was finally able to avoid rejection. A quick dip to 145-08 before extending higher into the weekend would be the optimal bullish pattern to reverse the trend up.

Crude Oil Mar Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Thursday’s session was once again defined by the 52.33-53.40 range, even through the morning’s delayed weekly EIA report. The gap outstanding above is likely to be filled, which would be bullish before the weekend if exceeded.

Natural Gas Feb Contract (NG, ETF: (UNG, UNL))
Wednesday’s test of 3.05 “lower prior highs” and Thursday’s 61.8% retracement of the prior low’s range at 2.95 had no excuse to delay forming a bottom, other than Thursday’s EIA report. There was no pessimistic knee-jerk reaction, and the session ended higher. An intraday dip should recover to close higher if a bottom has formed.