Daily Spot… 30-year meets its first target.

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))
Monday had been the second consecutive pullback session, following Thursday”s confirmed breakout. Tuesday was required to rally, which it did, but not until a deeper dip overnight that was recovered entirely into Tuesday”s open. Closing above 1.1230 would target 1.1315 and 1.1380.

Gold Jun Contract (GC, ETF: (GLD))
Monday”s closing test of 1187.00 resistance was extended overnight to probe above 1194.50 to 1198.00-1200.00 Tuesday. Closing back under 1194.50 would reinstate the decline targeting fresh lows.

Silver Jul Contract (SI, ETF: (SLV))
Tuesday”s shallow bounce held 16.65 resistance to avoid suggesting the recovery is yet extending higher. Another dip to 16.50 support is likely, if not lower to retest 16.15.

30-year Treasury Jun Contract (US, ETF: (TLT))
Testing the 156-08 target overnight and reacting up into Thursday”s open would have been a credible low, except for the setup in-play that still requires at least a third lower close. Fresh lows tested 155-12, with 154-02 in-play so long as 156-08 isn”t recovered.

Crude Oil Jun Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Fresh highs overnight probed fresh highs testing 61.00, targeting 61.75 and potentially 62.45. Meanwhile, the minimum requirement for at least one more higher close has been fulfilled.

Natural Gas Jun Contract (NG, ETF: (UNG, UNL))
Gapping down only slightly Tuesday and ranging slightly lower through the day is “ineffectual pessimism.” Rallying immediately Wednesday would be credible for extending higher intraday.