Daily Spot… Wide ranges, little movement.

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))
Further weakness Wednesday tested 1.1095 support down to 1.1066, reacting up on FOMC Minutes, but remaining in negative territory under 1.1160. Still overlapping Tuesday”s lows does make it difficult to fulfill the outstanding objective.

Gold Jun Contract (GC, ETF: (GLD))
Tuesday”s plunge to test 1208.50 didn”t extend down Wednesday, so the break wasn”t confirmed. Closing back above 1213.00 would be target a retest of the rally”s 1232.00 target. Closing under 1205.00 would resume the drop, still needing confirmation.

Silver Jul Contract (SI, ETF: (SLV))
Firming slightly Wednesday was too shallow to reverse momentum back up, but it did avoid confirming Tuesday”s break. Closing back above 17.25 would target 18.15.

30-year Treasury Jun Contract (US, ETF: (TLT))
Initially dipping Wednesday to within 1 tick of Tuesday”s 151-28 low was recovered entirely to retest the decline”s 152-02 bounce limit. Having stopped optimistically short of actually touching the low before bouncing, lower lows remain likely.

Crude Oil Jul Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Gapping up slightly didn”t extend higher Wednesday, even in reaction to the EIA report. A second consecutive lower close was avoided, so the likely pullback target of 55.00 isn”t necessarily in-play.

Natural Gas Jun Contract (NG, ETF: (UNG, UNL))
Gapping up Wednesday stopped well short of filling the gap back to Tuesday”s gap up, before reversing into negative territory. Having that unfinished business above does reflect a modest position of strength in greeting Thursday”s EIA report.