Oil rose as the euro's rise against the dollar offset U.S. government data showing crude inventory rose more than expected and gasoline stocks had a surprise build.  U.S. Energy Information Administration oil inventory report showed crude oil stocks rose by 2.9 million barrels to 354.2 million barrels last week. The increase topped the forecast for a rise of 2.4 million barrels, while gasoline inventories logged a modest but surprise gain. Now support for the crude is seen at 3717 and below could see a test of 3683. Resistance is now likely to be seen at 3774, a move above could see prices testing 3797.

Trading Ideas:

Crude trading range is 3683-3797.

Oil rose as the euro's rise against the dollar offset U.S. government data

Support for the crude is at 3734 and resistance is at 3774.

EIA oil inventory report showed oil stocks rose by 2.9 million barrels to 354.2 million barrels

SELL CRUDE APR @ 3760 SL 3788 TGT 3736-3712-3695.MCX