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))
Thursday’s weaker open extended down to retest two-week old lows, all but confirming the pullback targeting 1.0750-1.0785 remains underway.

Gold Feb Contract (GC, ETF: (GLD))
Blipping-down to the lower-end of 2057.00-2061.50 provided a  rubber band effect that snapped back up… to the range’s upper-end. Any lower would target 1039.00-1041.00. Any higher would make 1074.00‘s test likely.

Silver Mar Contract (SI, ETF: (SLV))
Thursday’s action was very reserved while Gold chopped around its support range, suggesting that Gold will lead the next leg.

30-year Treasury Mar Contract (US, ETF: (TLT))
Starting Thursday firmer only ranged narrowly sideways, keeping alive the potential for probing lower lows.

Crude Oil Feb Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Fresh lows overnight stopped short of the pullback’s 36.00 limit before snapping back up Thursday morning to 37.80. The afternoon’s rig count triggered late weakness, but not enough to require the pullback to resume.

Natural Gas Feb Contract (NG, ETF: (UNG, UNL))
Rallying sharply overnight filled the gap back up to Tuesday’s close, from which Wednesday’s gap down had formed Tuesday’s Island. Neutralizing its upside attraction no longer greeted EIA from a position of strength, but not reacting down all day does suggest the recovery’s momentum remains intact.