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))
Retesting Thursday”s 1.1575 low down to 1.1525 didn”t contain intraday selling pressures, which extended deeply to 1.1467. But the afternoon recovered both 1.1525 and 1.1575. Extending above 1.1615 would trigger as steep of a recovery attempt targeting 1.1780.

Gold Feb Contract (GC, ETF: (GLD))
Extending higher Friday confirmed Thursday”s breakout that was produced by the SNB capping the Franc. At least one more eventual higher close is required. Meanwhile, 1287.70 is in-play.

Silver Mar Contract (SI, ETF: (SLV))
Friday”s breakout to 17.85 must be confirmed by a second consecutive higher close. But the nearest sell signal is under 17.20.

30-year Treasury Mar Contract (US, ETF: (TLT))
The lower target of 151-08 and 151-28 was met at Friday”s high, which reacted back down to 149-05. The same session containing a new trend high is incapable of triggering a sell signal, but falling under 148-23 would start reversing the trend down.

Crude Oil Feb Contract (CL, ETF: (USO))
Recovering back above 47.45 Friday only attacked 48.65 whose recovery would signal a new upleg underway.

Natural Gas Feb Contract (NG, ETF: (UNG, UNL))
Choppy sideways ranging Friday continued the process of backing-and-filling the recent upleg so another buy signal could form.