MTECHTIPS:-Crude oil to trade in 3531-3657 range: Achievers Equities

MTECHTIPS:-Crude oil to trade in 3531-3657 range: Achievers Equities

MTECHTIPS- Crude oil trading range for the day is 3531-3657. Crude oil dropped on lingering doubts over the extent of OPEC cuts, with sentiment worsened by concerns over the health of the Chinese economy. Exports of Chinese refined oil products last month rose nearly 25 percent year on year to a record 5.35 million tonnes. On the supply side, there was some market support from top crude exporter Saudi Arabia, which said that its output had fallen below 10 million bpd. SELL CRUDE OIL JAN @ 3620 SL 3660 TGT 3580-3540 .MCX.

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