Crude oil fell over a percent as consumer confidence turned sour and the dollar strengthened, pressuring oil after a five-day winning streak. Japan's imports of crude oil and condensate in January fell 3.0% from a year earlier to 18.13 million kiloliters, or 3.68 million barrels a day, the Ministry of Finance said. Now support for the crude is seen at 3620 and below could see a test of 3582. Resistance is now likely to be seen at 3700, a move above could see prices testing 3742.

Trading Ideas:

Crude trading range is 3582-3742.

Crude oil fell yesterday on weak consumer data and strong dollar

Japan January crude imports down 3.0% on year

Today crude oil inventories: Exp: 1.8M Prev: 3.1M

BUY CRUDE MAR @ 3650-3655 SL 3638 TGT 3668-3680-3698.MCX (EVE WEAK)