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 fresh low was early and recovered quickly back into the prior session’s range, keeping alive the 1.1350 buy signal if triggered through a close.

Gold Apr Contract (GC, ETF: (GLD))
Narrow hovering at recent lows for a third consecutive session without yet trying to bounce now makes at least some probe of a fresh low likely before a recovery attempt can be credible.

Silver May Contract (SI, ETF: (SLV))
Still hovering at recent lows for a third consecutive session now makes a dip to 15.00 likely before reversing up would be credible for gaining traction.

30-year Treasury Jun Contract (US, ETF: (TLT))
Already recovering above Monday’s high on Tuesday had created potential for testing 145-05, which was attacked to within 1 tick Wednesday. A second consecutive higher close on Thursday would greet Friday’s Employment Situation report from a position of strength. Otherwise, an intraday retest of Sunday night’s 143-17 low would be likely.

Crude Oil Apr Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
One-week old uptrending support was already being overlapped before Wednesday’s open, and persisted intraday. Almost any initial strength Thursday or even overnight would be credible for at least retesting the 57.00 buy signal, which at this stage of the pattern should resolve in a breakout.

Natural Gas Apr Contract (NG, ETF: (UNG, UNL))
Piercing 2.89 overnight and pre-open still didn’t extend higher intraday, continuing to suggest caution of a deeper pullback which would be credible for extending down. But at least Thursday’s EIA report is not being greeted from a position of weakness.