Oil prices ended firm as a $1 trillion euro-zone rescue plan from the European Union and the International Monetary Fund eased fears that the Greek crisis may spread. Bargain hunting following the prior-week's 13% fall and data showing a rise in Chinese crude oil imports also helped the bounce-back in prices. According to a release from China's General Administration of Customs, the country imported 21.17 million tonnes of crude oil in April, higher than 21.06 million tonnes in March and 16.20 million tonnes in April 2009. Now support for the crude is seen at 3403 and below could see a test of 3357. Resistance is now likely to be seen at 3512, a move above could see prices testing 3575.

Trading Ideas:

Crude trading range is 3357-3575.

Oil prices ended firm as $1 trillion euro-zone rescue plan eased fears

Support for the crude is at 3422 and resistance is at 3472.

China imported 21.17 million tonnes of crude oil in April

BUY CRUDE JUNE ABV 3620 SL 3600 TGT 3638-3670-3695.MCX