Crude oil ended lower for the third consecutive session stung by government data showing petroleum supplies rose last week. Data from the Energy Information Administration, a unit of the Department of Energy, showed crude and gasoline inventories rose much more than expected last week. Domestic crude inventories rose 3.7 million barrels to 331.0 million barrels last week, the EIA said. Now support for the crude is seen at 3599and below could see a test of 3547. Resistance is now likely to be seen at 3693, a move above could see prices testing 3735.

Trading Ideas:

Crude trading range is 3600-3700.

Crude oil ended lower stung by government data showing petroleum supplies rose last week

Now support for the crude is at 3636 and resistance is at 3672.

Domestic crude inventories rose 3.7 million barrels to 331.0 million barrels last week

SELL CRUDE JAN @ 3650-3660 SL 36372 TGT 3638-3620-3608.MCX