CLOSING COMMENTARY FOR AUG 3 MONDAY

Crude oil stayed positive after a break of 3310 -

3320 levls. Prices seen strong lvls around 3400

Levels . A close above this could take crude to

more highs of 3500 levels. If prices sustained

above 3330 on weekly basis there is chance for

prices to test 3550 - 3600 levels this week.

Buy advised.