Crude oil recovered more than half percent on Saturday and ended up on short covering and also tracking the rising bullion prices. India imported 68.3 percent of its crude oil requirements during April-September from the Middle East, with Iran topping the chart followed by Saudi Arabia, government data showed.

Chinese state oil firms have agreed to raise 2010 crude imports from Saudi Arabia by about 12 percent from 2009 to top 1 million barrels a day. Now support for the crude is seen at 3619 and below could see a test of 3606. Resistance is now likely to be seen at 3639, a move above could see prices testing 3646.

Trading Ideas:

CRUDE TRADING RANGE IS 3570-3700.

CRUDE OIL ENDED UP ON SHORT COVERING AND TRACKING RISING BULLION PRICES

BUY CRUDE DEC ON DIP @ 3600-3620 SL 3580 TGT 3648-3665-3690.MCX

NOW CRUDE IS TAKING SUP AT 3598 BELOW THIS LOOKS TILL 3570-3555.

INDIA IMPORTED 68.3% OF ITS CRUDE OIL REQUIREMENTS DURING APR-SEPT FROM MIDDLE EAST