Crude oil declined after the European Union said Greece’s budget deficit last year was worse than previously forecast, sending equities and the euro lower. U.S. imports of crude oil rose 8.3 percent to 9.61 million barrels a day in the week ended April 16, the report showed. Imports of gasoline and other fuels climbed 32 percent to 2.88 million barrels a day, the highest since the week ended Feb. 5.Now support for the crude is seen at 3680 and below could see a test of 3629. Resistance is now likely to be seen at 3763, a move above could see prices testing 3795.

Trading Ideas:

Crude trading range is 3629-3795.

Crude oil declined as Greece’s deficit weakens equities and euro

Support for the crude is at 3708 and resistance is at 3754.

U.S. imports of crude oil rose 8.3 percent to 9.61 million barrels a day

SELL CRUDE MAY @ 3740-3750 SL 3772 TGT 3716-3695.MCX

CRUDE $ IS TRADING AT : 83.6$