Daily Spot… Euro and Bonds compensate for their delays.

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))
Monday”s had dip held a 61.8% retracement of the rally from last week”s low. Tuesday”s open surged through the likely 1.1095 target on the way to almost 1.1200. Extending the rally depends upon pullbacks holding 1.1110 as support. The next higher target would be 1.2975 1.1295. Otherwise, a much deeper decline is underway.

Gold Jun Contract (GC, ETF: (GLD))
Monday”s stunning intraday retracement of the morning”s surge had not extended under Friday”s close by noon. Instead, flat-to-higher ranging remained within Monday”s range, now falling behind schedule in launching a new downleg.

Silver Jul Contract (SI, ETF: (SLV))
Completely retracing Monday”s opening surge had created a time frame for extending down, if the pattern remained likely to extend down.

30-year Treasury Jun Contract (US, ETF: (TLT))
Monday”s steep, deep 2-point drop from 155-5 extended down Tuesday as steeply and as deeply to test 151-14..A bounce should hold 152-24 before resuming the decline.

Crude Oil Jul Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Tuesday”s probing above 60.80 made any dip unlikely to close under 60.30. The probe extended higher to attack 61.80. Now holding above 51.75 59.75 keeps the 63.00 target in-play.

Natural Gas Jul Contract (NG, ETF: (UNG, UNL))
Tuesday”s fresh lows down to 2.60 fulfilled the bottoming setup I had described after Monday”s close. Probing Sunday night”s low and recovering back into Friday”s range above 2.63 –optimally also probing above Monday”s 2.67 high — should marginalize sellers. Closing under 2.60 would be that much more bearish.