Daily Spot… Hut, hut, not yet.

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))
Days of narrow ranging finally broke higher, needing the FOMC policy statement as a catalyst. Retesting prior highs at 1.1340-1.1350 can easily fulfill the outstanding third higher close requirement.

Gold Jun Contract (GC, ETF: (GLD))
Intraday pressure back down to 1175.00 support Wednesday was relieved by the FOMC news that triggered a surge back up to test 1188.00. Back under 1178.00 would accelerate the next downleg.

Silver Jul Contract (SI, ETF: (SLV))
The reaction up on Wednesday”s FOMC statement probed back into the 16.15-16.35 range to 16.25, which is still too shallow to signal a recovery underway..

30-year Treasury Jun Contract (US, ETF: (TLT))
Tuesday”s inside day under 151.25 was still a little too optimistic for consolidating the rally. That vulnerability was exploited by Wednesday”s FOMC statement for a reaction down to within 2 ticks of 149-16 support, which recovered back above 151-00. The reaction isn”t deep enough and the recovery isn”t high enough to be assured that sellers are done.

Crude Oil Jul Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Probing overnight well above 60.80 reacted down Wednesday under the 60.30 pullback limit, attacking 58.75. Recovering stopped a few dimes short of 60.30.

Natural Gas Jul Contract (NG, ETF: (UNG, UNL))
Probing fresh highs at 2.95 reacted down intraday Wednesday to close under prior highs. But not under a prior low, greeting Thursday”s EIA report from a position of strength. The rally is likely to extend so long as pullbacks now hold 2.83 as support.