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))
The preferably 1.1485 pullback limit was probed to its room for noise down to 1.1450 Tuesday. Still holding keeps alive the rally potential. But the window is not unlimited, and not already rallying into Tuesday afternoon is not helpful.

Gold Feb Contract (GC, ETF: (GLD))
Flat, narrow ranging Tuesday held “lower prior highs” to remain position for retesting last week’s highs up to 1333.00.

Silver Mar Contract (SI, ETF: (SLV))
Tuesday’s dip back down to the 15.82 buy signal held as support to maintain near-term potential for filling Thursday’s 16.16 opening gap.

30-year Treasury Mar Contract (US, ETF: (TLT))
Initial strength Tuesday quickly extended through the 145-16 buy signal to test 146-00, and then retraced back down to 145-16. Closing higher Wednesday would signal a bigger rally underway targeting at least last week’s highs.

Crude Oil Mar Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Choppy sideways ranging Tuesday held the range’s upper-end to remain within proximity of probing fresh highs, greeting Wednesday’s EIA from a position of strength.

Natural Gas Mar Contract (NG, ETF: (UNG, UNL))
Fresh lows were probed overnight, but Tuesday’s intraday developed entirely within Monday’s range. Strength, or not, a bottom can’t form until a recovery into “higher prior lows” is retraced to fill the gap back down to Monday’s open.