Commodity Outlook for Crude Oil by KediaCommodity

Crude OilCrude settled steady on Saturday after falling on Friday after the U.S. Securities and Exchange Commission sued Goldman Sachs Group Inc. U.S. demand for crude oil and petroleum products increased 3.5 percent in March from a year ago, the American Petroleum Institute said. Now support for the crude is seen at 3687 and below could see a test of 3682. Resistance is now likely to be seen at 3698, a move above could see prices testing 3704.

Trading Ideas:

Crude trading range is 3682-3704.

Crude settled steady Saturday after falling Friday after the US Sec sued Goldman Sachs

Support for the crude is at 3670 and resistance is at 3818.

U.S. demand for crude oil and petroleum products increased 3.5 percent in March

SELL CRUDE APR BELOW 3680 SL 3712 TGT 3656-3630-3612.MCX