Crude oil ended flat recovering all of its losses on short covering after prices fell earlier weighed by concerns about a slowing economic recovery and high oil inventories in a cautious market ahead of Friday's key August nonfarm payrolls report from the United States. OPEC crude oil supply fell in August to the lowest since November 2009 as reduced supplies from Nigeria, the United Arab Emirates and Iraq offset increased output in Angola. Now support for the crude is seen at 3452 and below could see a test of 3414. Resistance is now likely to be seen at 3514, a move above could see prices testing 3538.

Crude trading range is 3414-3538.

Crude oil ended flat recovering all of its losses on short covering

Crude oil is taking support at 3468 and resistance at 3514 level

OPEC crude oil supply fell in August to the lowest since November 2009 as reduced supplies