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))
Not at all prohibited from resuming the rally, Thursday’s open was greeted by strength to a fresh highs. But it disappeared quickly as the balance of the session hovered in negative territory. Any initial strength Friday would be credible for extending higher into the weekend.

Gold Apr Contract (GC, ETF: (GLD))
Pulling back to “lower prior highs” proved insufficient to launch a recovery, as Thursday dipped even deeper to 1314.50. The 1327.50 buy signal remains unchanged, although its test becomes likelier.

Silver May Contract (SI, ETF: (SLV))
Fresh lows Thursday don’t enable lowering the buy signal, but the pattern should include a bounce back up to 15.80 regardless of whether its resistance will hold.

30-year Treasury Mar Contract (US, ETF: (TLT))
Wednesday’s reversal wasn’t rejected overnight as Thursday slid through 145-16 to test the 145-00 last relative low. The intraday lower low doesn’t yet qualify as a minimum probe of the prior low, and a buy signal is unlikely to develop soon in this pattern.

Crude Oil Apr Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Flat-to-lower ranging Thursday didn’t exploit Wednesday’s hesitation at the gap-fill, further suggesting the pattern would resolve up.

Natural Gas Apr Contract (NG, ETF: (UNG, UNL))
Greeting Thursday’s EIA report from a position of strength enabled recovering after the gap up had reacted down. But the rally has yet improved.