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))
1.1485 was still being tested as support into Monday’s open, and then probed intraday. Closing back above 1.1520 can still launch another upleg.

Gold Feb Contract (GC, ETF: (GLD))
Sunday night’s dip tested Tue-Wed’s “lower prior highs” so that retesting Thursday’s 1328.30 gap up above all prior highs. Closing back above 1323.00 would put into play fresh highs targeting 1333.00.

Silver Mar Contract (SI, ETF: (SLV))
Friday’s low had already retraced Wednesday’s “lower prior highs,” and the retracement extended lower Sunday night, filling the ga back down to last Monday’s 15.75 close. Closing back above 15.82 — which was already being probed Monday morning — can now retest Thursday’s 16.13 gap up to neutralize its attraction.

30-year Treasury Mar Contract (US, ETF: (TLT))
Friday’s dip had held the gap between Wednesday’s close and Thursday’s gap up at 145-28. Extending lower Sunday night persisted sharply lower Monday morning down to 145-00. Back above 145-16 would target at least 146-04, and possibly resume the rally.

Crude Oil Mar Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Narrowly ranging around Friday’s highs Sunday night gave way to gap down Monday morning and retrace lower prior highs at 53.30. Closing back above 54.15 keeps alive upside potential

Natural Gas Mar Contract (NG, ETF: (UNG, UNL))
Having ended the week testing new extremes, Monday was likely to extend lower, which had begun already Sunday night. Gapping down to fresh lows at 2.65 Monday makes an immediate recovery unlikely, even if Tuesday were to begin rallying.