Daily Spot… Euro target and Bond target both reacting sharply.

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))
Wednesday”s two attacks on the rally”s 1.1380 target were nevertheless probed overnight before reversing to gap down Thursday morning. Two consecutive closes under 1.1315 would start to deflate the bubble that formed during the past week. The bubble can otherwise further inflate to 1.1545.

Gold Jun Contract (GC, ETF: (GLD))
After holding the 1194.50 bounce limit, an aggressive drop overnight through 1187.00 to 1178.00 helped to compensate for Wednesday”s attacks on it that had held. New lows remain in-play so long as bounces now hold 1182.70.

Silver Jul Contract (SI, ETF: (SLV))
The open”s gap down to 16.15 support reacted up to 16.50 resistance. Each held, with no new signal being generated.

30-year Treasury Jun Contract (US, ETF: (TLT))
Room for noise under the 154-02 target at 153-10 was tested overnight down to 153-10, and reacted up sharply before the open to gap up and extend intraday to 156-00.

Crude Oil Jun Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
The pullback from having met the 62.45 target extended overnight and Thursday morning down to 58.49. Back above 59.35 would stop the reversal down, which otherwise has no objective, just as there is no outstanding target above.

Natural Gas Jun Contract (NG, ETF: (UNG, UNL))
Although Thursday”s EIA report wasn”t being greeted from a position of weakness, the pattern was still more vulnerable to a corrective dip than to extending the rally. Its 2.63-2.67 pullback potential was hardly attacked by Thursday”s 2071.00 low.