Crude Oil prices fell in Asian trade on Friday as fears eased of an imminent Western military strike against Syria for its alleged use of chemical weapons. Although Syria is not a major oil producer, traders are nervous about a broader conflict in the crude-rich West Asian region, including neighbouring Iraq, which is becoming a major exporter. Syria borders Iraq and is near Iran, countries that together hold almost a fifth of the output capacity from the Organization of Petroleum Exporting Countries.

The U. S. economy expanded at a faster pace in the second quarter and first-time jobless claims fell more than forecast last week, adding to concern the Fed will reduce its $85 billion monthly bond buying in September.

So, for the coming week 6700/6300 will act as major supports levels whereas 7350/7600 will act as major resistance in MCX Crude oil September futures. For the next week, trader can go for buy on lower level strategy, if MCX Crude September future sustain below 7000 levels then it could test the levels 6900/6760.