MTECHTIPS;-Crude oil to trade in 3566-3644 range: Achievers Equities

MTECHTIPS;-Crude oil to trade in 3566-3644 range: Achievers Equities

MTECHTIPS-Crude oil trading range for the day is 3566-3644. Crude oil dropped as prices remained under pressure from a stronger dollar and rising U.S. shale oil output. Rising U.S. output has helped boost domestic crude and fuel inventories to record highs. US crude oil exports rose to a record 1.03 m barrels last week but the remarkable thing is the on-week gain was ~81%, largest since June 2014. BUY CRUDE OIL MAR 2017 @ 3580 SL 3540 TGT 3618-3645. MCX.

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