Daily Spot

A daily summary of high-profile members of several complexes…[pay] View a more detailed discussion of each at the end of today’s Market Wrap.

Dollar Basket Dec (DXZ) The ongoing consolidation made an effort to resume the rally Thursday. A second consecutive higher close would confirm. At least one gap outstanding above should help to resume the rally Friday.

Gold Feb (GCG) Thursday’s quick test of 1760.00 resistance was rejected sharply back to 1708.00 prior lows, which there was no bullish reason to revisit. The decline should extend through the weekend.

Silver Mar (SIH) Already testing strong recent resistance, Thursday’s probe higher was reversed down sharply. The lower-end of the range under 31.00 should be probed.

30-year Treasury Mar (USH) Despite gapping down at Thursday’s open, an intraday recovery fulfilled the 142’22 bounce target. The bounce has potential to extend up to 143’04, where a much bigger reaction down would be likely.

Crude Oil Mar (CLH) A little deeper pullback before testing fresh highs at 103.00 would still be recoverable, but Thursday’s dip was a little deep. An immediate recovery would keep 103.00 in-play, as well as its resistance. Dipping more deeply first before rallying would be more capable of extending much higher.

Natural Gas Mar (NGH) Thursday’s opening surge fulfilled the buy signal opportunity created by the attraction back up to the gap at Tuesday’s close. But it was rejected soon after filling it.A close above 3.65 would still be bullish.

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