Daily Spot… Crude and Gold meet their targets, Bonds reject theirs.

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))
Firming overnight greeted Wednesday”s open attacking Tuesday”s highs, but not probing above them, so there is room for noise up to 1.1075 but no requirement.

Gold Apr Contract (GC, ETF: (GLD))
Wednesday morning”s rally fulfilled its 1197.00 target and the balance of the session ranged sideways around it. The relatively un-refueled rally does make it more vulnerable to a correction, but maintaining the rally”s momentum could extend higher to 1216.00.

Silver May Contract (SI, ETF: (SLV))
Only slightly higher highs Wednesday continued the disparity from Gold which had originally underpformed Silver. Not yet extending higher aggressively Thursday morning would make even likelier a corrective dip to 16.40-16.65.

30-year Treasury Jun Contract (US, ETF: (TLT))
Wednesday  initially improved above 165-08/165-13, which was the room for noise above the rally”s minimum target at 164-26. But that already had contained Tuesday”s high, so probing above it Wednesday was reversed down to 164-13, making a correction down likely.

Crude Oil May Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Tuesday night”s dip to 47.00 on bearish data already recovered into Wednesday”s open, and more bearish data from EIA didn”t interrupt the recovery, as 49.55 remained in-play. It was tested to within a dime, which is close enough for a corrective bounce. Closing back under 48.75 would signal the bounce had ended.

Natural Gas Apr Contract (NG, ETF: (UNG, UNL))
Reacting down from 2.77 instead of extending higher above 2.84 means that Thursday”s EIA report won”t be greeted from a position of strength.