Crude oil ended flat as the dollar rebounded and downbeat home sales data overshadowed positive economic reports of the day. Oil stored at the Cushing, Oklahoma, NYMEX delivery hub rose by 911,583 barrels to 31.74 million barrels in the week to March 2. Now support for the crude is seen at 3660 and below could see a test of 3631. Resistance is now likely to be seen at 3717, a move above could see prices testing 3745.

Trading Ideas:

Crude trading range is 3631-3745.

Crude oil ended flat after the dollar rebounded and unexpected drop in U.S. home-sales data

Support for the crude is seen at 3664 and resistance is at 3702.

NYMEX delivery hub rose by 911,583 barrels to 31.74 million barrels

SELL CRUDE MAR @ 3690-3700 SL 3724 TGT 3672-3666-3638.MCX