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Wednesday, May 03, 2006

Markets To Watch Today

Crude Oil: Crude Oil is looking to make new highs after climbing nearly a dollar in yesterday's session. As tensions mount in the standoff with Iran, news of a fire at an Italian refinery sparked additional buying. June Crude is trading at 74.56, down 6 cents in overnight trading.

Gold: Gold set a new quarter century high yesterday and continues upward as weakness in the dollar has prompted increase buying. June Gold is trading at $676.40, up $9 dollars this morning.

Coffee: Coffee futures traded at the NYBOT gained on weather threats to Brazilian crops. The forecast of colder weather may reduce production, while strength in other commodities added support. May Coffee is trading at 1.1150, up 1.15 cents this morning.