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Crude dropped as doubts about future oil demand sent prices to a 2010 low. The oil market is counting on a robust global recovery to use up surplus crude and fuel put in storage during the downturn. While demand is up from a year ago in the U.S., the world's biggest oil consumer, crude inventories have also hit a record high at Cushing, Okla., where the barrels traded on Nymex are delivered. Now support for the crude is seen at 3166 and below could see a test of 3113. Resistance is now likely to be seen at 3287, a move above could see prices testing 3355.

Crude trading range is 3113-3355.

Authorities have said that three people were killed and hundreds were evacuated in southern Poland after torrential rain led to flooding along the Vistula River.

Poland. pl has reported that Krakow Mayor Jacek Majchrowski declared a state of emergency Sunday night as the river rose almost 30 inches above emergency levels.

The Web site also said that further upstream from the city, levels reached almost 50 inches above flood stage.

Officials have said that Oswaldo Lopez Arellano, who led two government takeovers in Honduras, has died after being hospitalized for prostate cancer. He was 89.

It was reported that an air force general, Lopez Arellano first took control of the Central American country in a bloody coup in 1963 and ruled until 1971. He returned in 1972, ousting Ramon Ernesto Cruz, who had been elected to office, and held sway until 1975 he was turned out in a coup by Gen. Juan Alberto Melgar.

Silver yesterday showed a very volatile day and settled lower tracking weakness in crude and bas

According to official reports, protesters in Serbia say they will attempt to block the excavation of what they said may be a mass grave containing bodies of ethnic Albanians.

Serbian news outlet B92 reported on Monday that the Association of Families of Missing Serbs from Kosovo said they would try to halt the operation unless there was simultaneous investigation of alleged mass grave sites in Kosovo where Serbs are thought to be buried.

Gold prices ended a tad higher after fluctuating in a narrow range for most of the session, caught between safe-haven buying amid the on-going euro debt debacle and profit taking at higher levels. Now technically market is trading in the range as RSI for 18days is currently indicating 71.01, where as 50DMA is at 16966 and gold is trading above the same and getting support at 18133 and below could see a test of 18005 level, And resistance is now likely to be seen at 18406, a move above could see prices testing 18551.

Gold trading range is 18005-18551.

Gold prices ended higher as safe-haven buying supported the prices.