Crude oil ended positive on Saturday on short covering after falling Friday due to weakness in the U.S. job market hit expectations for energy demand. Prices were vulnerable to a pullback on a change in investor sentiment after jumping earlier in the week, and Friday's report provided that pressure. Meanwhile, the Organization of Petroleum Exporting Countries secretary general Friday said the global oil market was well supplied, and that he wants crude prices to stay near their current level. Now support for the crude is seen at 3723 and below could see a test of 3715. Resistance is now likely to be seen at 3737, a move above could see prices testing 3743.

Trading Ideas:

Crude trading range is 3715-3743.

Crude oil ended positive on Saturday on short covering after falling Friday

Crude oil is taking support at 3710 and resistance at 3758 level

OPEC secretary general said the global oil market was well supplied