Crude dropped as doubts about future oil demand sent prices to a 2010 low. The oil market is counting on a robust global recovery to use up surplus crude and fuel put in storage during the downturn. While demand is up from a year ago in the U.S., the world's biggest oil consumer, crude inventories have also hit a record high at Cushing, Okla., where the barrels traded on Nymex are delivered. Now support for the crude is seen at 3166 and below could see a test of 3113. Resistance is now likely to be seen at 3287, a move above could see prices testing 3355.

Crude trading range is 3113-3355.

Crude dropped as doubts about future oil demand sent prices to a 2010 low

Support for the crude is seen at 3194 and resistance is at 3238.

Qatar expects further pressure on prices from uncertainty engendered by Euro debt crisis

BUY CRUDE MAY @ 3210-3220 SL 3190 TGT 3234-3252-3270.MCX