We expect NYMEX crude oil prices to trade on the mixed note as the strong economic data from U. S. and worries over supply disruption due to ongoing unrest in Middle East may support prices to trade higher, whereas weak global market sentiments along with the ease in worries over possible US military action against Syria may add downside pressure on the prices.

Market participants will keep an eye on economic data from US. In the Indian markets, appreciation in the Indian rupee may keep prices under pressure.

So, for the coming week 6500/6175 will act as major supports levels whereas 6990/7270 will act as major resistance in MCX Crude oil September futures. For the next week, trader can go for sell on higher level strategy, if MCX Crude September future sustain below 6778 levels then it could test the levels 6692/6534.