Crude oil fell for a second day in New York on skepticism that a U.S. government plan to invest $250 billion in banks would be enough to bolster economic growth and spur fuel demand.

Now support for the crude is seen at 3782 and below could see a test of 3678. Resistance is now likely to be seen at 4035, a move above could see prices testing 4184.

Trading Ideas:
TRADING RANGE IS 3675-4080.
SELL CRUDE BELOW 3850 SL 3878 TGT 3826-3802-3787. MCX
CRUDE RANGE IS 76-84$ .
BUY CRUDE @ 3740-3760 SL 3708 TGT 3794-3822-3878-3956. MCX
CRUDE INVENTORY IS 2MARO AS MONDAY WAS HOLIDAY

Courtesy: JRG Wealth Management