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16.05.2011
14:31
June WTI Nymex crude grinding higher after earlier falls to $97.66, with a steady rally to $98.86, where it currently trades. Support is seen at $97.50 and $96.46 with resistance at $100.70 and $102.84.
14:14
Nomura sees the Empire data as a slight cooling in mfg.

They say "By constructing the responses of the Empire State survey into an ISM-like index, we get a reading of 58.1 in May, a healthy improvement from 57.1 in April. The new orders and employment indices both registed promising readings in May."

13:44
SMRA on the Empire index

"despite the unexpected drop in the headline index, the rest of the report was strong." They point out futures indexes posted gains, "which suggests solid activity ahead."

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