MTECHTIPS;-Crude oil to trade in 3516-3614 range: Achievers Equities

MTECHTIPS;-Crude oil to trade in 3516-3614 range: Achievers Equities

MTECHTIPS- Crude oil trading range for the day is 3516-3614. Crude oil gained on short covering with the market sentiment changed as OPEC is indeed trimming the oil supply. Concerns also seen about rising supply from U.S. shale output overshadowed an OPEC-led effort to cut global output. The dollar strengthened after Janet Yellen said she expects central bankers to raise interest rates at an upcoming meeting. BUY CRUDE OIL FEB 2017 @ 3520 SL 3480 TGT 3556-3595 .MCX.

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