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))
Probing above Friday’s high Sunday night was retraced back into Friday’s range Monday, but not reversed down, although that remains the likely resolution.

Gold Feb Contract (GC, ETF: (GLD))
Overnight strength was retraced back into Friday’s range as Friday’s pullback low remains likely to be retested as deeply as 1091.00 before extending the rally.

Silver Mar Contract (SI, ETF: (SLV))
Gapping up Monday was reversed entirely to probe back under Friday’s late plunge low, which isn’t necessarily bearish, and makes a recovery above 14.10 that much more bullish.

30-year Treasury Mar Contract (US, ETF: (TLT))
Fresh highs overnight fulfilled the 156-30/157-04 bounce limit before reversing to gap down at Monday’s open. Shallow follow-through was recovered only enough to fill the gap back to Friday’s close. That cautious optimism near the upside attraction makes a retest likely of the overnight highs.

Crude Oil Feb Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Reacting down from Friday’s 33.55 bounce limit test extended sharply lower Monday to fresh lows attacking the next lower support at 30.80. Closing under 31.35 keeps alive the momentum down.

Natural Gas Feb Contract (NG, ETF: (UNG, UNL))
Friday’s breakout wasn’t confirmed by a second consecutive higher close Monday. But gapping down created a gap back to Friday’s ~2.48 close that must be filled eventually, making the dip likely to be recovered. The pullback has room to 2.31 before suggesting anything deeper underway. Closing above 2.44 would be likely to extend the rally.