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 Jun Contract (EC, ETF: (FXE, UUP))
Having entrenched the downside by confirming Thursday’s breakout under 1.1465, Monday exploited the opportunity for a corrective bounce. The decline should resume by Tuesday’s close.

Gold Apr Contract (GC, ETF: (GLD))
Monday’s fresh highs suggest again that the rally has resumed, albeit once again needing a second consecutive higher close to confirm.

Silver May Contract (SI, ETF: (SLV))
Monday’s gap up hovered at last week’s highs, not quite qualifying as a breakout, but still likely to extend higher intraday in case of any early strength Tuesday.

30-year Treasury Jun Contract (US, ETF: (TLT))
Room for a pullback down to 147-25 wasn’t even attacked before Monday recovered to probe fresh highs. Closing above 149-04 fulfills the minimum requirement of last week’s confirmed breakout, and requires holding 149-00 support to maintain the upside momentum.

Crude Oil May Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Uptrending support that had coincided with Friday’s 58.25 low was retested Monday, and held. If the pullback limit has held, then Tuesday should hardly delay extending higher to greet Wednesday’s EIA report from a position of strength. Otherwise, closing under 58.25 would greet EIA from a position of weakness.

Natural Gas Apr Contract (NG, ETF: (UNG, UNL))
Sunday night’s gap down under Friday’s 2.72 low was retested intraday. The retest held, and launched a bounce that filled the gap up to Friday’s 2.75 close. Closing beyond either end of the 2.71-2.75 range Wednesday — which allows two days to get either done — would be likely to extend in that direction.