Daily Spot… Euro bounce target met and held.

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))
Extending the rally overnight fulfilled all of the 1.0845-1.0855 target. No higher target is in-play, but a reversal down must first break under 1.0750.

Gold Jun Contract (GC, ETF: (GLD))
Overnight strength retested 1205.00-1208.50 resistance, at least suggesting 1194.50 support would hold its test. But resistance must be recovered through the close to signal the trend reversing back up.

Silver May Contract (SI, ETF: (SLV))
Resistance at 16.45-16.60 was tested overnight, and held, preventing the trend from yet reversing up. But its recovery remains possible so long as 16.02-16.10 continues holding as support.

30-year Treasury Jun Contract (US, ETF: (TLT))
Thursday”s gap up to 164-22 was reversed down to 163-10, but recovered it to fresh highs above 165-00 — perhaps in a flight-to-safety from the stock market extending its decline. Closing above 164-04 undermines the bearish pattern.

Crude Oil May Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Despite probing above the 56.00 target Thursday, the 55.20 pullback limit remained the same.

Natural Gas May Contract (NG, ETF: (UNG, UNL))
Wednesday”s confirmed breakout didn”t extend higher Friday, and instead rested on its laurels of Thursday”s confirmation having entrenched the recovery leg”s momentum. A higher close remains likely, and I would consider it confirmation of a bigger rally underway.