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, UUP))
Monday’s bounce back up to last Tuesday’s highs was rejected in the same way, by gapping down. The pullback targeting 1.0750-1.0785 remains intact.

Gold Feb Contract (GC, ETF: (GLD))
Rallying overnight to 1074.00 resistance was in-line with having stopped the decline’s momentum, but must still close above 1077.70 to signal momentum reversing up.

Silver Mar Contract (SI, ETF: (SLV))
Tuesday’s bounce helps to confirm that Monday’s dip to the base’s 61.8% retracement had held,  but only closing above 14.10 would signal momentum reversing up.

30-year Treasury Mar Contract (US, ETF: (TLT))
Having held Monday’s corrective bounce limit at 155-30, Tuesday’s reversal back under 154-30 was credible for launching a new downleg. Its break already extended to fresh lows at 153-08.

Crude Oil Feb Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Monday’s pullback to the 36.75 buy signal had held, as confirmed by Tuesday’s gap up back above it attacking 38.00. Wednesday and Thursday’s breakout and consecutive confirmation still require at least an eventual third higher close.

Natural Gas Feb Contract (NG, ETF: (UNG, UNL))
Extending higher overnight to gap up Tuesday exceeded the 1.29 target by a dime, suggesting that the next higher objective at 1.50 is in-play so long as pullbacks now hold 2.28 as support.