Crude oil rose ending a choppy session at a six-week high amid mixed economic data and a government inventory report that showed crude oil stocks rose and gasoline stocks fell last week. The U.S. Energy Information Administration said crude oil inventories rose 1.7 million barrels last week. Angola is set to export more crude oil in August than in July with 1.80 million barrels per day set to load in 58 cargoes. Now support for the crude is seen at 3567 and below could see a test of 3519. Resistance is now likely to be seen at 3642, a move above could see prices testing 3669.

Trading Ideas:

Crude trading range is 3519-3669.

Crude ended higher at a six week in spite of surprise inventory rise

Crude oil is taking support at 3582 and resistance at 3638 level

The U.S. EIA said crude oil inventories rose 1.7 million barrels last week

BUY CRUDE ON DIP @ 3560 SL 3530 TGT 3590-3622.MCX