Crude eased lower as concerns about high U.S. unemployment stalled the recent rally. Prices also lost momentum as the value of the dollar, which had fallen steadily for weeks, appeared to stabilize. U.S. crude oil imports during the week averaged 9.60 million barrels per day last week, down by 1.5 million barrels per day from the previous week, official data revealed. Imports over the last four weeks, have averaged 10.0 million barrels per day, 494,000 thousand barrels per day above the same four-week period last year. Now support for the crude is seen at 3773 and below could see a test of 3752. Resistance is now likely to be seen at 3813, a move above could see prices testing 3832.

Trading Ideas:

Crude trading range is 3752-3832.

Crude oil prices fell slightly as jobless claims rises

Crude oil is taking support at 3773 and resistance at 3813 level

U.S. crude oil imports during the week averaged 9.60 million barrels per day last week