Crude turned negative though prices remained close to flat as the market processed mixed economic indicators out of the U.S. and China, the world's two biggest oil consumers. OPEC would make a decision on an output boost to calm oil prices if they passed $100 a barrel, Kuwait's oil minister said. Now support for the crude is seen at 3781 and below could see a test of 3761. Resistance is now likely to be seen at 3824, a move above could see prices testing 3847.

Trading Ideas:

Crude trading range is 3761-3847.

Crude oil ended down on weak jobs data

Support for the crude is at 3772 and resistance is at 3830.

OPEC would make a decision on an output boost to calm prices if passes $100 a barrel

SELL CRUDE APR @ 3805 SL 3826 TGT 3790-3772-3756.MCX