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))
Failing to hold the pullback limit Friday and close testing 1.1325 didn”t extend down until well after bouncing from Sunday night”s flat open. The 1.1363. high was  attacked after probing fresh lows down to 1.1275. An initial trending Tuesday would be credible for reversing the trend back up.

Gold Apr Contract (GC, ETF: (GLD))
Gapping up Monday only ranged sideways and only under the bounce limit. The decline”s target was met and held Friday, but no new signal has been generated.

Silver Mar Contract (SI, ETF: (SLV))
Monday”s bounce tested “higher prior lows” around 17.10, but didn”t recover any resistance that might signal momentum reversing up.

30-year Treasury Mar Contract (US, ETF: (TLT))
Firming Monday didn”t extend higher, nor was it required to since Friday”s drop already fulfilled the minimum unfinished business below, and the breakout wasn”t confirmed.

Crude Oil Mar Contract (CL, ETF: (USO, UWTI))
Monday”s gap up retested last week”s highs up to 54.00. The rally has likely resumed. Closing back under 51.75 would now reverse momentum back down.

Natural Gas Mar Contract (NG, ETF: (UNG, UNL))
Monday”s narrow ranging didn”t extend Friday”s probe of fresh lows, so its break is not confirmed. Back above 2.70 would signal the trend reversing up.