Crude oil ended higher as upside momentum that lifted oil prices more than 6 percent last week continued. Gains were limited, however, as the dollar rose against a basket of currencies. OPEC sees no need to boost output when it meets next month, two OPEC officials said on Monday, even though prices have rallied to a two-year high above $87. Now support for the crude is seen at 3835 and below could see a test of 3804. Resistance is now likely to be seen at 3885, a move above could see prices testing 3904.

Trading Ideas:

Crude trading range is 3804-3904.

Crude oil ended higher as upside momentum that lifted oil prices

Crude looks to test support at 3838 and resistance is seen at 3892.

OPEC sees no need to boost output when it meets next month