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Thursday, February 02, 2006

Futures Markets To Watch Today

Crude Oil: It was a roller coaster ride in the Crude yesterday, as the market rallied early on concerns in Iran and then went on the lose $1.36 after storage reports showed larger than expected inventories. Some fund selling also contributed to the late slide. March Crude closed at $66.56.

High Grade Copper: Copper, once again, hit new contract highs on news of lowered inventories in London and solid construction spending reported in the US. March Copper closed at $2.2550, up 2.05 cents for the session.

Sugar #11: Sugar dipped early in the session, giving traders a buying opportunity. Each dip seems to be a springboard, as the contract maintains prices near 24-year highs. March Sugar closed at $18.76, up $0.47 for the session.