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))
Still being likely to fill the gap back up to Monday’s 1.0855 close before extending the decline, Wednesday’s reaction to FOMC Minutes probed back above the decline’s original 1.0750-1.0785 target .

Gold Feb Contract (GC, ETF: (GLD))
Devaluing the Yuan Tuesday night spurred a surge through 1077.70, avoiding a close under 1070.50. A second consecutive higher close Thursday would confirm 1137.00 is in-play. That might be more difficult for having tested 1094.00 intraday Wednesday.

Silver Mar Contract (SI, ETF: (SLV))
Wednesday’s early surge was retraced as quickly as it had developed, and never extended higher intraday despite Gold’s rally.

30-year Treasury Mar Contract (US, ETF: (TLT))
Another stock market plunge overnight reasserted the flight-to-safety, With an overnight retest of Monday’s 155-14 highs, probing higher intraday up to 155-19. Closing back under 154-16 would confirm the bounce had held.

Crude Oil Feb Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Dipping to the 36.00 line in the sand Tuesday resolved down sharply overnight to open Wednesday gapping down under 35.00 and extending intraday under 34.00 on the EIA report.

Natural Gas Feb Contract (NG, ETF: (UNG, UNL))
Still ranging between higher and lower gaps, Thursday’s EIA report is being greeted from a position of strength. But not from momentum, so the bullish scenario would react down initially — perhaps as low as 2.14 — before reversing up more substantially.