Commodity Outlook for Crude Oil by KediaCommodity

Crude OilCrude oil prices ended firm as getting support by growing demand in booming China and India, and by indebted Greece's decision to activate European Union and International Monetary Fund aid, though doubts remained over whether it would lead to a long-term fix. Demand for crude is set to grow seasonally in the agriculture and transport sectors. Now support for the crude is seen at 3775 and below could see a test of 3769. Resistance is now likely to be seen at 3787, a move above could see prices testing 3793.

Trading Ideas:

Crude trading range is 3769-3793.

Crude oil prices ended firm as getting support by growing demand

Support for the crude is at 3758 and resistance is at 3802.

Demand for crude is set to grow seasonally in the agriculture and transport sectors

CRUDE TRADING HIGHER IMP SUPPORT IS AT 3755 AND RESIT AT 3806.