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CN: New trends show Crude-Gold ratio shattered
 
Crude oil recovered more than half percent on Saturday and ended up on short covering and also tracking the rising bullion prices.

India imported 68.3 percent of its crude oil requirements during April-September from the Middle East, with Iran topping the chart followed by Saudi Arabia, government data showed.

Chinese state oil firms have agreed to raise 2010 crude imports from Saudi Arabia by about 12 percent from 2009 to top 1 million barrels a day. Now support for the crude is seen at 3619 and below could see a test of 3606.

Resistance is now likely to be seen at 3639, a move above could see prices testing 3646.
Source