Gold Apr Contract ( jUN , ETF: (GLD))
Ranging sideways Wednesday didn't confirm Tuesday's favorable knee-jerk reaction to CPI, which had held the original $1,325.50 per ounce sell signal as resistance. Dropping sharply Thursday broke under 1320.00 targeting a retest of the 1305.00 area lows and then 1291.50.
Eurodollar Mar Contract (EC, ETF: (FXE, UUP))
Dipping again Thursday tested the 1.2330 sell signal, which is credible for extending so long as 1.2345 holds as resistance.
Silver May Contract (SI, ETF: (SLV))
Wednesday's ranging had failed to exploit Tuesday's bounce above 16.50-16.55, which didn't help to prevent Thursday's slide to 16.40 support. But not through ti, which is still needed to confirm the drop has resumed.
30-year Treasury Jun Contract (US, ETF: (TLT))
Flat-to-higher ranging overnight still needs to close positive Thursday to confirm a breakout, and essentially create a compelling rounded bottom. Price action into the afternoon was continually returning to unchanged, making confirmation elusive.
Crude Oil Apr Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Fluctuating Thursday between the $61.35 per barrel bounce limit and Wednesday's 60.90 close maintained the downside momentum, but a break under the 60.25 prior low can't be delayed much longer if the resolution is down.
Natural Gas May Contract (NG, ETF: (UNG, UNL))
Reaction to Thursday's EIA report finally broke under 2.74. So long as it's not rejected by closing back above 2.81, the pullback is targeting at least 2.62 -- and potentially deeper, especially after having delayed the pullback for so long.