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))
Wednesday’s weakness prevented closing above 1.0950, to maintain potential for reversing down to at least test 1.0750.

Gold Feb Contract (GC, ETF: (GLD))
Probing the two-week old prior high above 1109.00 didn’t extend higher, which would fulfill the outstanding third higher close that became required by confirming the two-week old breakout.

Silver Mar Contract (SI, ETF: (SLV))
Closing Wednesday above 14.10 could launch a new upleg by closing higher Thursday, too. The range otherwise persists.

30-year Treasury Mar Contract (US, ETF: (TLT))
Despite recovering intraday to probe the 161-09 overnight high by 9 ticks, the close was struggling to hold 160-12 as support whose break would all but seal a top.

Crude Oil Feb Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Extending down sharply Wednesday to test 26.20 now has room up to 27.40 before suggesting a corrective bounce may be underway. Coverage rolls forward to Mar as the front-month, which trades now at a 1.75 premium to Feb. Also, EIA reports irregularly on Thursday due to the holiday-shortened week.

Natural Gas Feb Contract (NG, ETF: (UNG, UNL))
Narrow sideways ranging at or under 2.14 doesn’t greet Thursday’s EIA report from a position of strength, but a knee-jerk reaction down would be capable of recovering.