We expect NYMEX crude oil prices to trade on the positive note on the back of rise in worries over crude oil supply from the Middle East due to ongoing concerns over possible US military action against Syria. Although, the weakness in Dollar index coupled with the expectation of positive economic data from US may act as positive factors for the prices.

So, for the coming week 7015/6830 will act as major supports levels whereas 7519/7784 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 above 7270 levels then it could test the levels 7350/7519.