Crude pared its gains to end flat on worries about China's demand growth and a stronger dollar, but frigid Northern Hemisphere weather helped limit losses. Freezing weather in the U.S., China and Europe supported the rally in prices. Oil had been surged more than 12% in the 10-session rally and finished yesterday at its highest level in better than a year. Energy demand prospects grew amid colder temperatures across the U.S. U.S. inventories of crude oil and gasoline climbed last week and supplies of distillate fuel, a category that includes heating oil and diesel, declined by 233,000 barrels, according to an Energy Department report this week. Now support for the crude is seen at 3762 and below could see a test of 3741. Resistance is now likely to be seen at 3807, a move above could see prices testing 3831.

Trading Ideas:

Crude trading range is 3720-3840.

Crude pared its gains to end flat on worries about China's demand growth

Crude oil is now having support at 3758 and resistance at 3814 level

Freezing weather in the U.S., China and Europe supported the rally in prices

SELL CRUDE JAN BELOW 3768 SL 3802 TGT 3751-3732-3710-3685.MCX