Oil prices settled flat Saturday after rising Friday amid a slumping greenback that fell to a five-month low versus its European counterpart. Tropical Storm Matthew picked up speed on Friday as it headed for Nicaragua and Honduras. Matthew was moving west, but was expected to shift north toward Mexico's Yucatan Peninsula and lose force before reaching the Gulf of Mexico, where most of Mexico's oil wells are located. Now support for the crude is seen at 3473 and below could see a test of 3467. Resistance is now likely to be seen at 3484, a move above could see prices testing 3489.

Trading Ideas:

Crude trading range is 3467-3489.

Oil prices settled flat Saturday after rising Friday amid a slumping greenback that

Crude looks to test support at 3448 and resistance is seen at 3502.

Tropical Storm Matthew picked up speed on Friday as it headed for Nicaragua and Honduras