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))
Gapping up Tuesday extended to test the 61.8% retracement of the gap between last Wednesday-Thursday’s session at 1.1300. This typically holds if tested. Back under 1.1269 would target a retest of the recent 1.1188 low.

Gold Apr Contract (GC, ETF: (GLD))
Monday’s reaction down was recovered entirely into Tuesday’s open. A second consecutive higher close on Wednesday would be likely to trend in that direction intraday.

Silver May Contract (SI, ETF: (SLV))
Already rallying overnight had probed above Friday’s prior high, all but confirming that Monday’s dip back down to the pattern’s buy signal had held.

30-year Treasury Jun Contract (US, ETF: (TLT))
Probing under Sunday night’s low Monday night to test the 145-04 sell signal was recovered to open back within Monday’s range, before extending to fresh recovery highs at 146-14. A second consecutive higher close on Wednesday would confirm the upleg was extending Meanwhile, Wednesday’s EIA report is being greeted from a position of strength.

Crude Oil Apr Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Returning yet again to the 57.00 buy signal overnight had probed above it to gap up Tuesday. Probing a little higher proved too much before retracing back under 57.00. But not deeply enough to invalidate ongoing the recovery attempt.

Natural Gas Apr Contract (NG, ETF: (UNG, UNL))
Tuesday’s session was nearly identical to Monday, sitting very still at the 2.76 support instead of reacting back up to the recently created gap.