Crude oil ended lower dragged down by a steep slide in gasoline futures and as dollar remained firm, having recovered from early weakness.  Tropical Storm Danielle in the central Atlantic Ocean was expected to strengthen into a hurricane in the next 24 hours as it moved west-northwest towards Bermuda, and not towards Florida or key oil and gas producing areas in the Gulf of Mexico. Now support for the crude is seen at 3411 and below could see a test of 3384. Resistance is now likely to be seen at 3481, a move above could see prices testing 3524.

Trading Ideas:

Crude trading range is 3384-3524.

Crude oil ended lower dragged down by steep slide in gasoline and firm dollar

Crude oil is taking support at 3412 and resistance at 3462 level

Tropical Storm Danielle was expected to strengthen into a hurricane in the next 24 hours