Crude oil ended positive after equities slipped and orders for U.S. capital goods increased the most since March. The market was also supported by a strike in France’s top oil port and as movements was halted at the key Houston Ship Channel after a barge accident, affecting crude inflows to four large refineries in the area. Now support for the crude is seen at 3623 and below could see a test of 3587. Resistance is now likely to be seen at 3687, a move above could see prices testing 3715.

Trading Ideas:

Crude trading range is 3587-3715.

Crude oil ended positive after equities slipped and goods orders gained

Crude looks to test support at 3623 and resistance is seen at 3687.

A strike at France's top oil port entered its eighth day blocking dozens of oil tankers