CLOSING COMMENTARY FOR DEC 7 , MONDAY

Crudeoil prices trading weak as the prices broken and trading

below the strong sup of 3500 levels. Prices not broken the res

of 3540 levels. Prices dropped bit below the sup level and test

nearly 3460 levels. Prices seems weak below 3500 and could

test 3400 - 3350 levels. Intraday pull back near to 3550 levels

expected to test the upper band of medium term negatve trend.