MTECHTIPS;-Crude oil to trade in 3567-3643 range: Achievers Equities

MTECHTIPS;-Crude oil to trade in 3567-3643 range: Achievers Equities

MTECHTIPS- Crude oil trading range for the day is 3567-3643. Crude oil traded in tight range as the market waits to see how OPEC manages its planned output cuts with Libya expecting to boost production. Over the past few weeks, the OPEC and non-OPEC members agreed to lower output by almost 1.8 mbpd from Jan. 1. While major OPEC producers including Saudi and Iraq have told customers that supply will be cut in line with the OPEC dea. BUY CRUDE OIL JAN @ 3570 SL 3530 TGT 3608-3640. MCX.

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