CLOSING COMMENTARY FOR DEC 3 THURSDAY

Crudeoil prices went down in continuotion with yesterday

weakness. Prices came down aftet it breaks the strong level

of 3540 till 3500. The level 3500 seems very strong sup below

could trig more selling. But if prices close above 3540 - 3550

levels could be watched as it may have some upside movement.

Wait for confirmation.