Daily Spot… Winding up the Euro. Check.

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))
The confirmed breakout rested on its laurels for another day Monday, but didn”t really trap shorts by dipping deeply. Its shallow gap down didn”t extend, and the session ranged narrowly sideways, Further delaying the rally would be suspicious.

Gold Jun Contract (GC, ETF: (GLD))
Gapping up Monday to test 1187.00 resistance from testing the 1170.00-1174.00 target doesn”t begin a recovery any more credibly than did the prior gap up from attacking 1170.00-1174.00 to within a dime. But testing either 1187.00 or 1194.50 should contain the bounce and resume the decline..

Silver Jul Contract (SI, ETF: (SLV))
Monday”s gap up tested the upper-end of 16.50-16.65 resistance, and later probed above it. But the resistance should react back down to 16.15 before a durable rally leg can begin.

30-year Treasury Jun Contract (US, ETF: (TLT))
Monday was the fourth day of the four-day sequence, in which two consecutive breakouts would not be confirmed. That meant not closing negative. It”s not a required setup, just likely — likely enough to earn confidence buying into support. Testing 156-24 support down to 156-20 firmed, but didn”t react up enough to avoid closing negative. So, having confirmed Friday”s breakout, an eventual third lower close is now required, and now just likely — presumably at the outstanding 156-08 target, and potentially lower to 154-02.

Crude Oil Jun Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Initial strength Monday was quickly retraced and reversed down to the 58.65 pullback limit. That held, keeping alive the upward momentum of last week”s confirmed breakout, targeting 61.75 and potentially also 62.45.

Natural Gas Jun Contract (NG, ETF: (UNG, UNL))
Despite easily having room to correct down to 2.67, Monday”s 2.74 low could hardly wait to recover back up to and through Friday”s 2.80 high. That impatience doesn”t prevent extending higher, but closing above 2.84 or back under 2.73 would be likelier to extend in.that direction.