MTECHTIPS:-Crude oil to trade in 3517-3675 range: Achievers Equi

MTECHTIPS:-Crude oil to trade in 3517-3675 range: Achievers Equities

MTECHTIPS- Crude oil trading range for the day is 3517-3675. Crude oil edged higher supported by a falling U.S. dollar and Saudi Arabia saying it would adhere to OPEC’s commitment to cut output. Oil has drawn support from top crude exporter Saudi Arabia, which said it would adhere strictly to its commitment to cut output. Under the agreement, OPEC, Russia and other non-OPEC producers have pledged to cut oil output by nearly 1.8 million bpd, initially for six months. SELL CRUDE OIL JAN @ 3620 SL 3660 TGT 3580-3540. MCX.

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