Crude oil ended higher after seesaw trading, lifted by a government inventory report showing crude and refined products stocks fell last week. Cold weather in the U. S. and turmoil in OPEC- members Iran and Nigeria also were supportive, even as the stronger dollar helped limit crude prices to rise.

Now support for the crude is seen at 3687 and below could see a test of 3649. Resistance is now likely to be seen at 3749, a move above could see prices testing 3773.

Trading Ideas:

Crude trading range is 3660-3780.

Crude ended higher as inventory drops and cold weather in U. S

Crude oil is now having support at 3680 and resistance at 3748 level

Cold weather in the U. S. and turmoil in OPEC-members Iran and Nigeria also supported prices

BUY CRUDE JAN ON DIP @ 3680-3690 SL 3656 TGT 3712-3734-3765. MCX