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To: SliderOnTheBlack who wrote (36861)	2/5/1999 11:16:00 AM
From: Platter	Read Replies (1) \| Respond to of 95453

Also, Slider..From pristine.com this morning..Yesterday was incredibly damaging to many stocks, particularly those stock which represented the leadership of the market. YHOO (-21), LLTC (-11), INTC (-8), SUNW (-7), among many others, got decimated. Yet, nearly all stocks in the cyclical/commodity area of the market rocked. Gold, Chemical, Aluminum, Steel and Paper were big winners. Could there be a fundamental shift occurring? Is money leaving the rich tech world for the formerly poor world of commodities? It's still too early, but we need to watch this. - Oliver L. Velez (Editor).

To: SliderOnTheBlack who wrote (36861)	2/5/1999 11:20:00 AM
From: Platter	Respond to of 95453

NYMEX crude up a bit, heat oil down early NEW YORK, Feb 5 (Reuters) - Front month crude oil futures on the New York Mercantile Exchange gained marginally on light pre-weekend shortcovering after falling below $12 in early trade Friday, traders said. The March contract appears to be holding up, they said, after moving down on light selling and finding initial support at $11.85. March heating oil dipped to a new life-of-contract low, which some analysts attributed to seasonal and technical factors. But market players saw heating oil's slide as adding pressure to the whole complex. Front month gasoline also lost some ground early and then recovered some losses, in line with crude's trend. At 1053 EST/1553 GMT, NYMEX March crude traded at $12.05, up three cents, its early high. Front month heating oil traded at 31.20 cents a gallon, down 0.15 cent, bouncing a bit after falling to 30.85 cents, contract low. The contract traded as high as 31.25 cents. March gasoline traded at 35.75, moving up to unchanged, after earlier losses. It traded between 35.30/35.75 cents. At 1055 EST/1555 GMT, March Brent crude on the International Petroleum Exchange was up two cents at $10.64, up seven cents, recovering a bit after early light selling. NYMEX front month heating oil's next possible support area is around 30.00 cents, said Tim Evans, senior analyst at Pegasus Econometric Group. "Heating oil prices have a seasonal tendency to fall to a late winter low either at the end of February or in early March as unwanted inventories get dumped," he said. And with heating oil's break to new life-of-contract lows, "we see the market entering the final stage of a bear decline," he said. Analysts said gasoline, which is still reeling from a build in inventories reported earlier this week, would largely follow crude's trend. Crude futures remain bearish, with traders finding little comfort from news that Venezuela's new energy minister, Ali Rodriguez, would send delegations to OPEC and non-OPEC producers before OPEC's meeting on March 23.