Crude oil reversed all its gains weighed down by high inventories and expectations that this week's inventory data will show crude supplies rose again. China's March crude oil imports jumped to their second-highest monthly level on record of 4.95 million bpd, up 2.5 percent from February on a per-day basis. Now support for the crude is seen at 3736 and below could see a test of 3713. Resistance is now likely to be seen at 3792, a move above could see prices testing 3825.

Trading Ideas:

Crude trading range is 3713-3825.

Crude oil reversed all its gains due to high supplies

Support for the crude is at 3736 and resistance is at 3782.

China's March crude oil imports jumped on record of 4.95 million bpd

SELL CRUDE APR @ 3780-3790 SL 3814 TGT 3762-3746-3720.MCX