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))
Initially bouncing Monday didn’t prevent ultimately reversing down and extending to fresh lows, nearing the long-standing 1.7050-1.7085 pullback target.

Gold Feb Contract (GC, ETF: (GLD))
Sunday night’s rally held 1074.00 resistance but Monday’s open trended through it to also probe above 1077.70. Testing both intraday required closing above both to signal a new upleg underway. Closing back under 1070.50 would have signaled its failure, targeting 1039.00-1041.00 . Their reaction down held 1070.50, ending the day overlapping 1074.00, not signaling the next leg in either direction.

Silver Mar Contract (SI, ETF: (SLV))
Gapping up to probe above 14.10 was rejected by closing the gap back down to last week’s close under 1385. Closing above 14.10 is still the minimum buy signal to avoid new lows.

30-year Treasury Mar Contract (US, ETF: (TLT))
No unfinished business is outstanding below, only making it easier for a “flight-to-safety” up to 155-14 while stocks crashed. But closing back under 154-16 would trigger a new downleg.

Crude Oil Feb Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Early strength Monday seemed muted compared to the headlines behind it. Despite soon probing back above 38.00, the gains were reversed back down to 36.33 intraday — negative territory but still holding uptrending support.

Natural Gas Feb Contract (NG, ETF: (UNG, UNL))
Narrow ranging maintained the recent recovery’s gains, instead of reacting down after having filled the gap up to last Tuesday’s close.