Oil prices ended higher as traders weighed a stronger dollar against upbeat data from the US revealing a higher-than-expected increase in the nation's manufacturing activity. Threat of supply disruption as a result of growing oil spill in the Gulf of Mexico also provided support to the prices. Now support for the crude is seen at 3828 and below could see a test of 3795. Resistance is now likely to be seen at 3884, a move above could see prices testing 3907.

Trading Ideas:

Crude trading range is 3795-3907.

Oil prices ended higher as traders weighed a stronger dollar against upbeat data

Support for the crude is at 3838 and resistance is at 3892.

Threat of supply disruption on growing oil spill in the Gulf of Mexico also provided support

BUY CRUDE MAY @ 3800-3815 SL 3785 TGT 3834-3856.MCX