MTECHTIPS:-Crude oil to trade in 3562-3682 range: Achievers Equities

MTECHTIPS:-Crude oil to trade in 3562-3682 range: Achievers Equities

MTECHTIPS- Crude oil trading range for the day is 3562-3682. Crude oil prices dropped after data showed that U.S. crude supplies rose for the third week in a row last week. OPEC and other producers have agreed to cut production by almost 1.8 million barrels per day (bpd) for the first half of 2017 to fight a supply overhang. U.S. oil production, however, has risen by around half a million bpd since mid-2016 to 8.96 million bpd, offsetting significant amounts of any OPEC-led supply cut. BUY CRUDE FEB 2017 @ 3630 SL 3580 TGT 3672-3710 .MCX

WWW.MTECHTIPS.COM
07489294118-119