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.

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16 May 2011

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.

Dow -9.23 at 12586.52, Nasdaq -9.44 at 2819.03, S&P +1.02 at 1338.00

Nomura sees the Empire data as a slight cooling in mfg.

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