Crude oil ended slightly up with Wall Street providing a lift, but a strong dollar limited gains. Crude prices were up for the second day in a row as traders awaited industry inventory data, with forecasts calling for drawdowns in gasoline and distillate stocks and an increase in crude stockpiles. Now support for the crude seen at 3702 and below could see a test of 3676. Resistance is now likely to be seen at 3750, a move above could see prices testing 3772.

Trading Ideas:

Crude trading range is 3676-3772.

Crude oil ended up getting support from Wall street but strong dollar limited the gains

Support for the crude is at 3702 and resistance is at 3754.

Today crude oil inventories: Exp: 1.3M Prev: 1.0M

BUY CRUDE APR @ 3660-3670 SL 3642 TGT 3688-3700-3722.MCX