MTECHTIPS:-Crude oil to trade in 3534-3654 range: Achievers Equities

MTECHTIPS:-Crude oil to trade in 3534-3654 range: Achievers Equities

MTECHTIPS – Crude oil trading range for the day is 3534-3654. Crude oil traded with weakness after inventory data showed crude and gasoline stockpiles rose sharply. Support seen on signs that OPEC and other producers are holding the line on output cuts are helping support prices. Crude inventories rose 6.5 million barrels in the week to Jan. 27, While Gasoline stocks climbed by 3.9 million barrels. SELL CRUDE OIL FEB 2017 @ 3630 SL 3670 TGT 3598-3550. MCX.

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