MTECHTIPS:-Crude oil to trade in 3532-3642 range: Achievers Equities

MTECHTIPS:-Crude oil to trade in 3532-3642 range: Achievers Equities

MTECHTIPS- Crude oil trading range for the day is 3532-3642. Crude oil traded in the range as the market waits to see how OPEC manages its planned output cuts with Libya expecting to boost production. Major OPEC producers including Saudi Arabia and Iraq have told customers that supply will be cut in line with the OPEC deal. Libya’s National Oil Corp hopes to add 270,000 bpd to national production over the next three months. BUY CRUDE OIL JAN @ 3570 SL 3530 TGT 3608-3640. MCX.

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