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To: Thean who wrote (20595)	4/27/1998 9:54:00 PM
From: Challo Jeregy	Read Replies (1) \| Respond to of 95453

Yes Thean, It's a good indicator. The only problem is that it is on a 15 minute delay. By the time you check the chart on a fast moving day, the stock has already turned around and hit the opposite band ! ! ! <VBG>

To: Thean who wrote (20595)	4/28/1998 12:33:00 AM
From: pz	Respond to of 95453

NEW YORK, April 27 (Reuters) - Palladium prices fell further Monday in response to signs that the political situation in Russia is stabilizing and could free up shipments of the precious metal. In other markets, the price of corn fell sharply as planting prospects for the new crop improved and crude oil and gasoline ended higher. Palladium traded in New York for delivery in June ended $9.30 an ounce lower at $303.60. June palladium has rallied 63 percent since the year began. "With the situation settling down in Russia, this market is beginning to look a little vulnerable to me," said Tim Evans, commodity analyst with Pegasus Econometric Group. Friday's election of Sergei Kiriyenko as prime minister brought an element of stability to Russia following President Boris Yeltsin's dismissal of his cabinet. The market is still waiting, however, for the signing of export licenses, which pave the way for shipments to Japan. The New York Mercantile Exchange's margin hike is slated to take effect at the close of business Monday, which also prompted some liquidation from the nearby months. The margins will be raised to $5,500 from $3,500 for clearing members; to $6,050 from $3,850 for members; and to $7,425 from $4,725 for customers. In Chicago, a drier-than-expected weekend in the Midwest led to ideas that the 1998 corn crop would be planted in a timely manner this spring and caused prices to fall sharply, traders and analysts said. Corn closed four to 5-1/2 cents a bushel lower, with July down four at $2.54-3/4. "The main problem in the corn market is normal weather and pathetic export pace. The export inspections today were just another string in the bearish export news," said Terry Roggensack, analyst for The Hightower Report. "East European grain and feed wheat, Chinese corn and Argentine corn...those three leave the U.S. with sales to export credit countries only, such as South Korea," he said. During the session, the U.S. Department of Agriculture reported export shipments for the week ended Thursday were 18.7 million bushels. That figure was down from the previous week's 25.25 million. Gasoline and crude oil prices in New York were lifted by calls from members of the Organization of Petroleum Exporting Countries for the withdrawal of extra supplies from the bloated world market. Crude oil for delivery in June ended 0.23 cents higher at $15.32 a barrel and May gasoline ended up 0.84 cents at 50.94 cents a gallon. Venezuelan Oil Minister Erwin Arrieta said output needed to be trimmed by a further 500,000 barrels per day (bpd) on top of the 1.5 million bpd cut pledged recently by OPEC and non-OPEC producers. Arrieta said he had a three-way conversation on Friday with his Saudi Arabian and Mexican counterparts and that any further cuts could come before a June OPEC meeting in Vienna. "Revenues would be compensated for by a smaller volume of production but higher prices," Arrieta said in a television interview. His comments echoed those of three Gulf Arab OPEC oil ministers. "If the oil price stays where it is now there will be a lot of talk about further cuts and we don't rule out any possibility," said OPEC President and United Arab Emirates Oil Minister Obeid bin Saif al-Nasseri. He found support from Kuwait and Qatar. But Norway, a major non-OPEC oil producer, said it was not considering adding to the reduction it has already pledged. Oslo will implement 100,000 bpd of output reduction from May 1, said Oil Minister Marit Arnstad. Oil producers have seen their export earnings 25 percent lower so far this year than in 1996 and 1997. Dealers say they have yet to see firm evidence of the reductions which came into effect on April 1, led by a 1.25 million bpd OPEC reduction.