Crude oil fell pounded by continued worries over euro-zone sovereign debt, the pace of U.S. economic recovery and swelling petroleum stockpiles. Prices dropped to the lowest level in 12 weeks as equities fell amid speculation Greece's financial distress will spread to other countries. Oil inventories at Cushing jumped 1.68 million barrels, or 4.9 per cent, to 36.2 million last week, the Energy Department reported, the largest amount in data going back to 2004. Now support for the crude is seen at 3436 and below could see a test of 3427. Resistance is now likely to be seen at 3452, a move above could see prices testing 3459.

Trading Ideas:

Crude trading range is 3427-3459.

Crude oil fell pounded by continued worries over euro-zone sovereign debt

Support for the crude is at 3422 and resistance is at 3470.

Oil inventories at Cushing jumped 1.68 million barrels to 36.2 million last week

BUY CRUDE JUNE ABV 3618 SL 3600 TGT 3638-3670-3695.MCX