On MCX settled up 0.57% at 3351 continued to rise as a strong US jobs market signaled imminent demand for energy products. While today prices crude oil prices will see gap up opening as support seen after the United States launched dozens of cruise missiles at an airbase in Syria. Crude settled higher for a third straight day, despite renewed concerns that a ramp up in U.S.

Trading Ideas:

* Crude oil trading range for the day is 3288-3390.

* Crude oil gained posting a fourth straight day of gains, but prices remained cautious about record-high U.S. crude inventories.

* EIA reported an increase of 1.57 million barrels in crude inventories, bringing total U.S. stocks to a record of 535.5 million barrels.

* The record crude inventories came as U.S. oil production rose 52,000 bpd to 9.2 mbpd, a more than 9 percent increase since mid-2016

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