Crude oil fell after a government report showed a bigger-than-forecast increase in U.S. supplies and the dollar surged to a 10-month high against the euro. Stockpiles rose 7.25 million barrels to 351.3 million last week, the Energy Department said. Imports of crude oil gained 12 percent to 9.4 million barrels a day last week, the highest level since September and the biggest change since August, the report showed. Now support for the crude is seen at 3662 and below could see a test of 3632. Resistance is now likely to be seen at 3720, a move above could see prices testing 3748.

Trading Ideas:

Crude trading range is 3632-3748.

Crude oil ended sharply lower due to larger-than-expected increase in domestic crude stocks

Support for the crude is at 3678 and resistance is at 3722.

Imports of crude oil gained 12 percent to 9.4 million barrels a day last week

SELL CRUDE APR @ 3685-3695 SL ABV 3722 TGT 3662-3636-3620.MCX