Daily Spot… Gold, going, gone.

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))
Surging pre-open led to Thursday gapping up. It was retraced back to unchanged for a lengthy consolidation. that tried bouncing back to the open. If maintained, that would qualify for fulfilling the pattern”s required eventual third higher close.

Gold Jun Contract (GC, ETF: (GLD))
Wednesday”s break lower to 1180.00 extended Thursday to test 1172.50, next targeting 1158.50.

Silver Jul Contract (SI, ETF: (SLV))
Fresh lows Thursday tested the entire 16.15-16.35 target area. Breaking lower would target new lows under 15.60, but there is no requirement to break lower.

30-year Treasury Jun Contract (US, ETF: (TLT))
Wednesday”s reaction up from attacking the 149-08 target extended higher Thursday to 151-16. That”s probably too much optimism ahead of Friday”s Employment Situation report, and the low is vulnerable to being retested. But there is no attractive risk:reward setup in-play, especially ahead of Friday”s report.

Crude Oil Jul Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Despite having originated from above 60.80, the pullback that closed under 60.30 Wednesday wasn”t rejected at Thursday”s open, which extended lower instead. The 58.75 sell signal was tested to under 57.95. A second consecutive lower close would confirm a retest of the prior lows is in-play.

Natural Gas Jul Contract (NG, ETF: (UNG, UNL))
Probing fresh lows in reaction to Thursday”s EIA report was recovered back above last Friday”s lows, but not necessarily through the close. The price action remains in-line with the bottoming pattern we”ve been tracking. Closing above 2.67 would put into play 2.83.