Daily Spot… Euro exhaustion, or on its way?

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))
The required third lower close wasn”t delayed long by Friday”s gap up. It was rejected immediately by a plunge to fresh lows at 1.1005, which hovered at the lows through the noon hour. Closing under 1.1095 now triggers a larger pattern that points much lower if confirmed by a second consecutive lower close Monday. That confirmation isn”t assured, since Friday”s drop may have been exacerbated by the impending holiday weekend.

Gold Jun Contract (GC, ETF: (GLD))
Bouncing overnight to test 1213.00 resistance didn”t prevent retesting 1205.00 support intraday Friday. But still overlapping both instead of exceeding one of them prevented launching a trend in that direction.

Silver Jul Contract (SI, ETF: (SLV))
An overnight bounce attacked 17.35 whose recovery would signal 18.15 is in-play. Just closing above 17.25 would suggest the pullback had ended. Still testing 17.05 support did not preclude recovering either.

30-year Treasury Jun Contract (US, ETF: (TLT))
Extending Thursday”s rally overnight attacked 154-30 resistance, but reversed down through Friday”s open to test “lower prior highs” at 153-20. The detour makes the decline likely to resume aggressively if it is resuming at all.

Crude Oil Jul Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Overnight weakness enabled Friday”s open to the 59.75 sell signal. Probing under it quickly was only retraced for the balance of the session to range around 59.75 and avoid triggering the sell signal.

Natural Gas Jun Contract (NG, ETF: (UNG, UNL))
.Despite having held Thursday”s gap up through the close, overnight weakness filled the gap back down to Wednesday”s 2.91 close and probed under its low to test 2.88. Any delay to recovering 2.97 would more likely extend the pullback to 2.82 before launching an upleg.