Crude oil fell amid a rise in jobless claims, a report showing factory growth plummeted in the U.S. Mid-Atlantic region.  A slowdown in actual demand, as indicated by the EIA's latest weekly inventory update that showed an unexpected increase in US crude stocks, also weighed on sentiment. Crude stocks at the Cushing, Oklahoma, hub for NYMEX benchmark delivery, rose 200,000 barrels to 37.6 million barrels, the EIA said. Now support for the crude is seen at 3508 and below could see a test of 3472. Resistance is now likely to be seen at 3598, a move above could see prices testing 3652.

Trading Ideas:

Crude trading range is 3527-3555.

Crude oil yesterday fell amid a rise in jobless claims

Crude oil is taking support at 3518 and resistance at 3572 level

Crude stocks at the Cushing, Oklahoma rose 200,000 barrels to 37.6 million barrels

SELL CRUDE BELOW 3540 SL 3565 TGT 3522-3502-3486.MCX