Taking cues from the overseas, crude oil is looking positive for day and near term as well. A good buying sentiments could be seen above 3850-3860 level which can lead prices towards 3900-3950. A strong negative trend may be seen below 3700.
Trading Recommendation: Traders can buy Crude Oil September futures above 3860 for the targets of 3900-3950 Keeping SL below 3820.
below 3790 Go for sell for the target of 3740.