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))
An overnight blip-down to 1.1283 attacked the outstanding gap at 1.1278, but didn’t extend as the attraction becomes supportive. Stopping optimistically short of filling the gap continues to suggest it will be probed before a bottom can be considered.

Gold Jun Contract (GC, ETF: (GLD))
Fresh lows overnight touched the 1291.30 support and bounced to gap up Friday. Without confirming Thursday’s breakout, and closing positive Friday after initially probing lower, almost any strength Monday above 1306.50 would be credible for extending higher.

Silver May Contract (SI, ETF: (SLV))
An overnight retest of Thursday’s 14.95 low formed a Double Bottom that gapped up Friday and attacked 15.20. Which leaves outstanding the gap back down to Thursday’s close, but also fails to confirm Thursday’s breakout. The buy signal is lower to 15.25.

30-year Treasury Jun Contract (US, ETF: (TLT))
The 149-10 pullback limit was touched before Friday’s open and became support to Friday morning’s hovering. Back above 150-00 would signal the rally had resumed.

Crude Oil May Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Rallying overnight gapped up above prior highs to test 60.55-60.70, creating an anchor to help absorb its reaction back down to 59.75.

Natural Gas May Contract (NG, ETF: (UNG, UNL))
Retesting Wednesday’s 2.69 low overnight was unnecessary to forming a bottom, but required closing positive to avoid gaining downside traction that would risk extending the downleg substantially lower. Trending down to a fresh low into the weekend makes Monday likely to probe fresh lows, regardless of its resolution.