Crude oil ended higher, recovering from earlier losses and as support from bullish refined product futures proved strong enough to withstand a late bout of selling. Kuwait's oil minister said he expected OPEC to keep output levels unchanged but push for better compliance at the group's December meeting.

Now support for the crude is seen at 3634 and below could see a test of 3598. Resistance is now likely to be seen at 3692, a move above could see prices testing 3714.

Trading Ideas:

CRUDE TRADING RANGE IS 3620-3720.

CRUDE OIL ENDED HIGHER GETTING SUPPORT FROM BULLISH REFINED PRODUCT FUTURES

BUY CRUDE NOV ABV 3682 SL 3652 TGT 3698-3716-3735. MCX

NOW CRUDE IS TAKING SUP AT 3648 BELOW THIS LOOKS TILL 3620-3605.

TODAY CRUDE OIL INVENTORIES: EXP: 1.2M PREV: 1.8M

Commodity Analysis by Kedia Commodity, India's Premium Research House, Mumbai. Check out more commodity reviews at KediaCommodity. com