Crude oil fell amid mixed economic data and as the dollar strengthened against the euro and a basket of currencies. OPEC crude oil supply is rising in February to the highest in 14 months. Output rose 125,000 barrels a day, or 0.4 percent, to an average 29.17 million barrels a day, the highest level since December 2008, according to the survey. Now support for the crude is seen at 3580 and below could see a test of 3535. Resistance is now likely to be seen at 3688, a move above could see prices testing 3751.

Trading Ideas:

Crude trading range is 3535-3751.

Crude oil yesterday ended down on mixed economic data’s

Support for the crude is at 3602 and resistance is at 3652s level.

OPEC output rose 125,000 barrels a day, to an average 29.17 million barrels a day

BUY CRUDE MAR @ 3600-3610 SL 3578 TGT 3628-3644-3665.MCX