Crude oil settled down but recovered some of its losses as the dollar weakened and equities rose, and on comments from Greece's central bank that the worst was over for Greek banks. A prolonged strike at eight of France's 12 refineries over pension reform and sporadic blockages of fuel depots plus the month-long strike at France's main oil port of Fos Lavera remained supportive for crude prices. The volume of Japan's customs-cleared crude oil imports fell 0.8 percent in September from the same month a year earlier, marking the first decline in four months. Now support for the crude is seen at 3634 and below could see a test of 3608. Resistance is now likely to be seen at 3701, a move above could see prices testing 3742.

Trading Ideas:

Crude trading range is 3608-3742.

Crude oil settled down but recovered some of its losses as dollar weakened and equities rose

Crude looks to test support at 3634 and resistance is seen at 3696.

Japan's customs-cleared crude oil imports fell 0.8 percent in September