Crude oil ended higher boosted by government inventory data showing crude stocks fell more than expected last week and the dollar's slump. The U.S. Energy Information Administration's weekly inventory report showed crude oil stockpiles fell 4.9 million barrels as imports slipped and the industry allowed inventories to slide for year-end tax considerations. Now support for the crude is seen at 3515 and below could see a test of 3453. Resistance is now likely to be seen at 3613, a move above could see prices testing 3649.

Trading Ideas:

CRUDE TRADING RANGE IS 3510-3635.

CRUDE OIL ENDED HIGHER BOOSTED BY FELL IN CRUDE STOCKS MORE THAN EXPECTED

CRUDE AS TOLD LAST WEEK THAT ENTERED IN THE BULL CHANNEL NOW LOOK TILL 3800 SHORTLY.

U.S. EIA WEEKLY INVENTORY REPORT SHOWED CRUDE OIL STOCKPILES FELL 4.9M

BUY CRUDE JAN ABV 3612 SL 3585 TGT 3634-3656-3680. MCX