Daily Spot… Everybody bounce.

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))
Gapping up Wednesday delayed the pattern”s requirement for an eventual third lower close. Although 1.0855 wasn”t recovered, there is room up to 1.0900.

Gold Jun Contract (GC, ETF: (GLD))
Wednesday”s rally probed above the 1194.00 buy signal to test 1208.00, next targeting a retest of last week”s highs above 1220.00.

Silver May Contract (SI, ETF: (SLV))
Having fulfilled its 16.45-16.60 pullback objective before Tuesday”s open, Wednesday rally isn”t yet reliable for extending higher without delay. Filling a gap without closing above it must be exceeded immediately Thursday to avoid a corrective dip.

30-year Treasury Jun Contract (US, ETF: (TLT))
Having failed for three consecutive days to break back under 163-08 support, there became much greater likelihood for a bigger bounce to stretch the rubber band first. Wednesday”s open tested its potential to 164-30/165-08, but then extended above prior highs to 166-11. Closing back under 164-30/165-08 would trigger a Double Top pointing down to fresh lows.

Crude Oil May Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Still not trending down overnight, Wednesday surged to a fresh high above the 48.75 buy signal, and through 49.55 to confirm a bounce underway targeting at least a retest of last week”s 51.45-52.50 highs.

Natural Gas May Contract (NG, ETF: (UNG, UNL))
Wednesday finally produced the pattern”s required third lower close. Closing back above 2.64 would signal the downside momentum had lapsed.