Daily Spot… Bond’s boom.

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 Jun Contract (EC, ETF: (FXE, UUP))
Gapping down Friday to Thursday”s intraday low was recovered back into positive territory, probing above Thursday”s high. Closing under 1.1380 would start signaling momentum reversing down, but there is no other signal meanwhile.

Gold Jun Contract (GC, ETF: (GLD))
Trending down overnight to 1210.60 bottomed upon gapping down Friday, with its reaction soon filling the gap back up to Thursday”s 1224.80 close. The 1232.00 target remains intact.

Silver Jul Contract (SI, ETF: (SLV))
Overnight backing-and-filling to 17.25 support barely registered by Friday”s open, which further formed an Ascending Triangle while retesting Thursday”s highs.

30-year Treasury Jun Contract (US, ETF: (TLT))
Thursday”s high didn”t hold. The 154-16 bounce limit didn”t hold. Wednesday”s test of the bounce limit up to 155-02 didn”t even hold. Friday”s open gapped up and ran intraday to attack 156-00, which was literally off of the chart for the pattern I was tracking. Nevertheless, potential to new lows remains intact because of the gap left outstanding back to Thursday”s close, and its eventual test will target 150”25. Meanwhile, closing under 154-30 would signal the bounce had failed, and above 156-04 would be bullish for extending higher.

Crude Oil Jun Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Lower lows retested the 58.65 pullback limit Friday morning and reacted back up to test 59.30 resistance. That”s not bearish, and it”s potentially bullish to the degree that an opportunity to slide was avoided.

Natural Gas Jun Contract (NG, ETF: (UNG, UNL))
No unfinished business above going into Friday”s session allowed early weakness, but it was recovered to fresh highs intraday above 3.03. Now the rally”s momentum remains intact so long as 3.91 holds as support.