Daily Spot,,, Gold target met, Crude Oil target attacked.

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))
Monday didn”t reject Friday”s spike up in reaction to the Employment Situation report. It eventually probed higher to test 1.0145. The probe above 1.0900 wasn”t rejected, so resuming the decline without first extending the rally substantially would all but require closing back under 1.0855 Tuesday.

Gold Jun Contract (GC, ETF: (GLD))
Sunday night”s rally already fulfilled the 1194.00 buy signal”s minimum objective by retesting last week”s overnight 1220.40 spike high. Holding 1213.00 support would maintain the rally”s momentum. Closing back under 1208.50 would signal momentum reversing down.

Silver May Contract (SI, ETF: (SLV))
Testing 17.20 Sunday night stopped short of touching last week”s overnight high before dipping back down for a gap up Monday to 17.05. A fresh high testing 17.30 was also retraced down to 17.05. The pullback can test 16.80-16.90 and still be likely to resume the rally.

30-year Treasury Jun Contract (US, ETF: (TLT))
Overnight highs up to 165-26 gapped up Monday and almost immediately began trending back down to fresh lows that tested 163-16.  Extending under 163-08 would next target 162-12 and then lower.

Crude Oil May Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Fresh recovery highs Sunday night attacked 51.00. Higher highs intraday Monday attacked 52.25, just short of the minimum objective of retesting the recent overnight highs up to 52.50.

Natural Gas May Contract (NG, ETF: (UNG, UNL))
Friday”s surge through the 2.64 buy signal was retraced entirely to that inflection point before Monday”s open. The session ranged sideways without extending the gap down or recovering it. Now a gap above is outstanding that can attract price higher for a more serious rally effort.