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 the 1.0900 bounce limit must be rejected without further delay to maintain near-term potential down to 1.0750.

Gold Feb Contract (GC, ETF: (GLD))
Wednesday’s probe back above Tuesday’s high was rejected by Thursday’s reversal back under Wednesday’s low. Back above 1089.00 would still reinstate the rally, but a deeper pullback is otherwise in-play.

Silver Mar Contract (SI, ETF: (SLV))
Wednesday’s surge above 14.10 was rejected by Thursday’s gap down. Trending down through the morning did fill the gap back to Tuesday’s low, which is still constructive to forming a bottom, but doesn’t qualify as a buy signal.

30-year Treasury Mar Contract (US, ETF: (TLT))
Not-necessarily-stable but not-plunging stocks removed the near-term catalyst for extending the bond rally, which remains intact so long as 157-04 holds as support..

Crude Oil Feb Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
After Wednesday’s inside day ignored stocks plunging, Thursday’s inside day ignored stocks volatility. The decoupling seems glaring.

Natural Gas Feb Contract (NG, ETF: (UNG, UNL))
Not greeting Thursday’s EIA report from a position of strength made the pullback likely to exploit all of its room for a pullback to 2.14, which was tested after the news.