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))
Monday’s fresh lows filled the three-week old low close’s gap and probed its intraday lows. After probing even lower overnight, closing back above 1.1333 would be credible for at least starting to form a bottom. Probing it Tuesday attacked 1.1375 whose recovery would signal the trend had reversed back up.

Gold Feb Contract (GC, ETF: (GLD))
Monday’s dip back down to Thursday’s prior lows had held to keep the door open for triggering the 1317.00 buy signal. It was tested through Tuesday’s open, but held for a reaction that tested Monday’s 1311.00 close and at least neutralized its reaction below.

Silver Mar Contract (SI, ETF: (SLV))
Monday’s retest of Thursday’s prior lows had kept open the door for another attempt at triggering the 15.80 buy signal. Already testing the buy signal before Tuesday’s open, its post-open reaction only dipped to fill the gap back down to Monday’s 15.65 close.

30-year Treasury Mar Contract (US, ETF: (TLT))
The 146-10/146-16 pullback limit’s test on Monday gave way overnight to probe fresh pullback lows down to 146-00. The gap down’s reaction blipped-up to 146-16, only to revisit the open’s low, and lower to 145-26. A recovery probably can’t tolerate much further delay beyond Wednesday morning.

Crude Oil Mar Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Firming into Tuesday’s open had probed the 53.20 buy signal and tested 54.00 to suggest the two prior sessions’ lows were accumulative, and that the rally is resuming. Closing above 53.20 would greet Wednesday’s EIA from a position of strength.

Natural Gas Mar Contract (NG, ETF: (UNG, UNL))
Monday’s surge back up to 2.75 resistance had corrected overnight to at least attack Friday’s 2.60 “lower prior highs” before attempting to rally again Tuesday morning. Just closing above 2.70 would start to signal a bottom is forming.