Crude oil ended more than 2 percent lower, stemming a two-day advance, as government data showed domestic crude inventories rose far more than expected last week. EIA data showed domestic crude stocks rose 2.1 million barrels to 339.9 million barrels in the week to Nov. 27.

Now support for the crude is seen at 3520 and below could see a test of 3478. Resistance is now likely to be seen at 3623, a move above could see prices testing 3684.

Trading Ideas:

CRUDE TRADING RANGE IS 3510-3610.

CRUDE OIL ENDED LOWER AS CRUDE INVENTORIES ROSE FAR MORE THAN EXPECTED

SELL CRUDE DEC @ 3555-3565 SL 3586 TGT 3542-3530-3516..MCX

BUY CRUDE DEC ON DIP @ 3480-3490 SL 3465 TGT 3512-3534-3556.MCX

EIA DATA SHOWED CRUDE STOCKS ROSE 2.1 MILLION BARRELS TO 339.9 MILLION BARRELS