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))
Overnight strength again attacked 1.1450 while overlapping Monday’s highs, allowing the sell signal to be raised to 1.1405 from 1.1380. The timing no longer tolerates delaying a break lower.

Gold Apr Contract (GC, ETF: (GLD))
Gapping up above Monday’s highs pierced last week’s intraday highs, but stopped short of the overnight attack on 1312.00. The restrained optimism is potentially bullish from a contrarian perspective.

Silver May Contract (SI, ETF: (SLV))
Tuesday’s gap up was still contained within Monday’s range and fluctuating narrowly around the 15.40 buy signal. Almost any initial strength on Wednesday would be credible for extending higher intraday.

30-year Treasury Jun Contract (US, ETF: (TLT))
If not still overlapping the 146-00 buy signal into Tuesday’s open, then the few ticks of strength at least lacked momentum. Which the morning exploited by sending price back down to the 145-16 sell signal. But already having delayed the reaction down, only now testing the sell signal should hold as support and avoid triggering through the close. Regardless, back above 146-00 would tolerate no delay in extending higher if valid.

Crude Oil Apr Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Fresh highs pierced the 59.50 room for noise above 59.25 that must be recovered through the close to confirm the rally’s momentum remains intact. Having tested 59.50, closing back under 59.25 would not greet Wednesday’s EIA from a position of strength. But a downleg would be signaled back under 58.40.

Natural Gas Apr Contract (NG, ETF: (UNG, UNL))
Surging overnight through the 2.84 buy signal pierced prior highs by 1 penny up to 2.89. A second consecutive higher close would confirm a new upleg is underway.