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 Dec Contract (EC, ETF: (FXE, UUP))
The initial FOMC reaction momentarily pierced Tuesday’s low, but didn’t trend down — and didn’t rally, either. The corrective drop remains intact,

Gold Feb Contract (GC, ETF: (GLD))
Closing above the 1070.00 buy signal soon reacted down sharply on Wednesday’s FOMC statement to attack 12060.00. Its reaction recovered to probe back above 1070.00. But the signal still requires a second consecutive higher close to confirm.

Silver Mar Contract (SI, ETF: (SLV))
Surging Wednesday morning to probe 14.10 resistance didn’t react down much after the FOMC statement, which was largely recovered through the close. The gap back down to Tuesday’s close and a new low close remain outstanding.

30-year Treasury Jan Contract (US, ETF: (TLT))
A momentary knee-jerk reaction down under 153-30 was reversed back up into positive territory, still having potential for a corrective bounce to 155-29 about a half-point higher.

Crude Oil Jan Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Tuesday’s test of 38.88 was rejected back under 36.70 Wednesday, and even under 36.25, to confirm a retest of the 35.45 low remains likely.

Natural Gas Jan Contract (NG, ETF: (UNG, UNL))
Probing under the 1.80 target overnight tried reacting up Wednesday. But the bounce reversed down to put into play 1.72-1.75.