Mid-day look at gold, crude and Treasuries

Gold Apr Contract (GC, ETF: (GLD))
Fresh highs overnight up to $1333.50 per ounce reacted down into Tuesday's  open but recovered at least to Sunday night's 1330.50 high, which would qualify as a second consecutive higher close targeting a test of prior highs at 1341.00.

Eurodollar Mar Contract (EC, ETF: (FXE, UUP))
Testing and retesting the 1.2325 buy signal Monday paid off by probing it overnight. A second consecutive higher close above 1.2395 resistance -- which was tested Tuesday afternoon -- would next target 1.2465. Closing back under 1.2305 would signal the recovery had failed.

Silver Mar Contract (SI, ETF: (SLV))
Tuesday's "inside day" can't qualify as a second consecutive higher close confirming Monday's breakout. But neither does it reject Monday's higher close, allowing early strength Wednesday to be credible for extending higher intraday.

30-year Treasury Mar Contract (US, ETF: (TLT))
Monday night's rally to 144.30 peaked short of the intraday attack on the 145-16 buy signal, buy hovered above the 144-12 bounce limit. Still holding the bounce limit through Tuesday's close keeps alive the potential for retesting Sunday night's 143-04 low.

Crude Oil Mar Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Tuesday's weakness from the decline's $59.80 per barrel initial target still needs to break under Friday's 58.10 low to suggest the next target at 57.20 is now in-play, which remains and likely so long as 59.80 holds as resistance. Preferably, the pattern won't retest 59.80 as this current segment of the decline should behave like capitulation.

Natural Gas Mar Contract (NG, ETF: (UNG, UNL))
Finally some signs of strength by gapping up Tuesday. But this creates unfinished business below at the gap down to Monday's 2.55 close needing to be filled before a rally can be credible for extending higher. Meanwhile, extending the bounce has room up to 2.70.