Crude fell as optimism about the global economic recovery that had recently lifted prices to a 15-month high continued to ebb from the market. The U.S. economy, the world's biggest oil consumer, looked increasingly unlikely to add much to global demand in the short term. Now support for the crude is seen at 3434and below could see a test of 3422. Resistance is now likely to be seen at 3466, a move above could see prices testing 3486.

Trading Ideas:

Crude trading range is 3380-3500.

Crude fell as optimism about the global economic recovery continued to ebb from market

Crude is getting support at 3426 and resistance at 3462.

Oil demand in China and the United States also remained a concern

BUY CRUDE FEB ABV 3456 SL 3435 TGT 3480-3498-3512. MCX