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Resistance Remains Intact


Trend Needle Points North


Bearish Outlook


WTI Sees Lowest Close Since January


Key Support Remains Exposed

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                      May 11     May 11
                      Import       Mich
                      Prices  Sentiment
Data For                 Apr        May
Denomination               %      Index
Median Forecast **       0.5       99.0
High Forecast            0.6      100.0
Low Forecast             0.3       97.0
Mean                     0.5       98.7
Standard Deviation       0.1        0.8
No. of Responses           6         11
Amherst Pierpont          NA      100.0
Bank of the West         0.6       98.0
Barclays Capital         0.5       97.5
BMO                      0.5       98.6
Capital Economics         NA       99.0
CIBC                      NA         NA
Comerica Bank             NA         NA
Credit Suisse             NA       99.5
Deutsche Bank             NA       97.0
FT Advisors              0.3       99.3
Goldman Sachs             NA       98.5
Morgan Stanley            NA         NA
TD Securities             NA         NA
UBS                      0.5       99.0
UMaryland                0.5       99.0
** Note: The survey median is compiled solely from the forecasts listed above
and is not intended to represent a market consensus.
--MNI Washington Bureau; +1 202-371-2121; email:

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