Daily Spot… Euro trashed.

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 1.1370 sell signal extended down sharply overnight. Last Monday”s 1.1135 prior low held its retest, but the break was confirmed so at least an eventual third lower close is now required. Closing under 1.1095 would trigger a bigger pattern”s break targeting 1.0900 and 1.0750.

Gold Jun Contract (GC, ETF: (GLD))
Monday night”s drop probed under the 1224.00 pullback limit and extended down sharply intraday to test 1208.50 down to 1205.00. Still overlapping 1208.50 at the close does offer one opportunity to recover, which would be to close Wednesday back above 1213.00 and not confirm Tuesday”s break. Otherwise, new lows under 1160.00 may be in-play.

Silver Jul Contract (SI, ETF: (SLV))
Monday”s close above prior highs was rejected by gapping down Tuesday under Monday”s range, and extending down to probe under 16.90. The timing of the aggressive move is a little surprising, but it still lacks confirmation of a second consecutive lower close.

30-year Treasury Jun Contract (US, ETF: (TLT))
Monday night”s bounce held the 154-12 bounce limit and extended down Tuesday morning to 151-28. Its reaction up probed the intraday 153-02 bounce limit up to 153-21. That was reversed back down to 152-18, whose break would confirm 150-25 remains in-play.

Crude Oil Jul Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Tuesday”s gap down under 59.20 support all but ends the recent opportunity for the pullback limit”s retest to launch a more durable rally leg. There is only one opportunity to reject it immediately Wednesday. Confirming it would initially target 55.00.

Natural Gas Jun Contract (NG, ETF: (UNG, UNL))
Gapping up Tuesday without any unfinished business above left the rally vulnerable to a post-open reversal from 3.19 into negative territory at 2.94. But the open”s  3.08 gap should be retested as resistance before a durable downleg can begin.