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Non-Tech : Moguls Mantra to the Markets -- Ignore unavailable to you. Want to Upgrade?

To: $Mogul who wrote (137)	7/31/2001 1:56:39 PM
From: $Mogul	Respond to of 220

The bond market did indeed find resistance at critical levels when key levels were approached over an hour ago. Besides the Fibonacci level of 104 03/32 mentioned earlier, the on-the-run issues in the U.S. Treasury market are all near key levels. The 30-year T-bond, for example, is close to 5.5%, the 10-year at 5.0%, the 5-year at 4.5%, and the 2-year close to 3.75%. These round levels are often used as support and resistance, especially if several maturities simultaneously reach their respective technical barriers. 12:50 PM COMMODITY TALK: Crude oil prices are little changed today as the market awaits inventory data from the American Petroleum Institute this afternoon. The September crude contract is down about 0.1% after falling 1.4% on Monday in a reversal of some of last week's 4.2% gain. The API is expected to show crude inventories increased by 1 million to 1.5 million barrels last week. Gasoline inventories are seen falling by a similar amount, although gasoline futures are down about 1% today. The natural gas roller coaster continues. The September natural gas contract is off 2.2% today after surging 5% on Monday. The CRB commodity index is little changed (-0.15%) as a 3.2% drop in sugar and the decline in natgas offset a 1.9% rise in cocoa and a 0.9% increase in