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April Futures Remain Bound to Tight Range

Just as the old saying about the lion and the lamb goes, no onecan ever be sure what kind of weather March will bring. This lackof clear fundamental direction has made its way to the New YorkMercantile Exchange, where the spot April contract was unable tobreak outside of a tight $2.115-$2.205 trading range last week.Since April had virtually no room to move, it is fitting the spotmonth could settle the week only 0.8 cents higher at $2.137.

March 16, 1998
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