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Message: Futures traders

Futures traders suggested that with the big loss, there was likely to be further declines ahead. "With the kind of move you had [Thursday] you've got $4.00 as a [support] number, and maybe you see some more people get flushed out if it gets below $4.00," said a New York floor trader. "In the next week you could see it down to $3.80."

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