MTECHTIPS;-Crude oil to trade in 3532-3620 range: Achievers Equities

MTECHTIPS;-Crude oil to trade in 3532-3620 range: Achievers Equities

MTECHTIPS- Crude oil trading range for the day is 3532-3620. Crude oil prices remained under pressure amid a report forecasting U.S. output would again rise this year. OPEC Secretary-General Mohammed Parkinson forecast on Monday that stability would return to oil markets this year. OPEC, Russia and other non-members of the producer group will curtail oil output by nearly 1.8 million bpd, initially for six months. BUY CRUDE OIL JAN ABV 3585 SL 3540 TGT 3618-3648. MCX.

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