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))
Before having another opportunity to trigger the 1.1350 buy signal, Thursday’s ECB events triggered a plunge to fresh relative lows. An immediate bounce would likely fail after Friday. Meanwhile, fresh lows into the weekend would be required to produce lower lows at some point on Monday.

Gold Apr Contract (GC, ETF: (GLD))
Another day of hovering at the lows, although early activity included a momentary fresh low. But its rubber band effect was too limited to trigger a reaction up, perhaps because of anxiousness ahead of Friday’s Employment Situation report.

Silver May Contract (SI, ETF: (SLV))
A blip-down to fresh lows Thursday held a test of 15.00 support before recovering back into the same narrow range of hovering at recent lows.

30-year Treasury Jun Contract (US, ETF: (TLT))
Wednesday’s attack on the 145-05 bounce objective didn’t require reversing down, and avoided triggering a sell signal before rallying again Thursday to the next bounce potential testing 145-20 by 5 ticks. That’s the week-old inflection point where the prior downtrend was launched under at least two supports, so it is also natural resistance. Its test is vulnerable to a reaction down, but meanwhile does greet Friday’s Employment Situation report from a position of strength that suggests an initial knee-jerk reaction down would recover.

Crude Oil Apr Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Another early test of the 57.00 buy signal Thursday was again unable to break higher. The week’s early downside test won’t be rejected without closing above 57.00, so early trending Friday would be likely to extend in that direction.

Natural Gas Apr Contract (NG, ETF: (UNG, UNL))
The reaction to Thursday’s EIA report was muted, despite not greeting the news from a position of weakness.