Crude oil ended positive as odds increased that an Atlantic storm would form and head to the Gulf of Mexico, where oil production may be disrupted. The National Hurricane Center warned that a tropical system in the Caribbean could develop into a tropical depression. The National Oceanic and Atmospheric Administration had forecast an active hurricane season this year. Now support for the crude is seen at 3638 and below could see a test of 3626. Resistance is now likely to be seen at 3659, a move above could see prices testing 3668.

Trading Ideas:

Crude trading range is 3626-3668.

Crude ended positive Saturday due to storm worries

Crude oil is taking support at 3632 and resistance at 3684 level

National Oceanic and Atmospheric Administration had forecast an active hurricane season.

BUY CRUDE JULY ABV 3600-3615 SL 3580 TGT 3634-3656-3670.MCX