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Monday, July 31, 2006

Markets To Watch Today

Natural Gas: Last week's removal of 7 billion cubic feet of gas from storage gave Natural Gas prices a shot in the arm as they reached 5-week highs. This unprecedented draw has left both traders and analysts perplexed, as they wonder whether or not this is the start of a paradigm that may stay in this volatile Natural Gas market. Typically, Natural Gas is stockpiled during the summer and withdrawn during the winter months. The September Natural Gas contract closed Friday up 6.1 cents, at $7.184 MMBTu's.

Dollar: The Dollar is expected to continue its drop in price this week, as traders try to decide what the Fed is going to do on its next policy meeting August 8th. Analysts say that economic reports that come out this week may offer no help in support of the Dollar as well. The September Dollar closed Friday down 44, closing at 8519.