Crude oil ended positive Saturday on short covering after settled flat Friday as European governments struggled to contain the region’s debt crisis, raising concern that it will slow the global economic recovery. China's commercial crude stocks in April fell 2.8 percent from March, its first decline this year despite record high crude imports. Now support for the crude is seen at 3316 and below could see a test of 3308. Resistance is now likely to be seen at 3331, a move above could see prices testing 3338.

Trading Ideas:

Crude trading range is 3308-3338.

Crude oil ended positive Saturday on short covering after settled flat Friday

Support for the crude is seen at 3302 and resistance is at 3352.

China's commercial crude stocks in April fell 2.8 percent from March

SELL CRUDE JUNE @ 3325 SL 3352 TGT 3308-3290-3278.MCX (LOW QTY)