MTECHTIPS;-Crude oil to trade in 3507-3595 range: Achievers Equities

MTECHTIPS;-Crude oil to trade in 3507-3595 range: Achievers Equities

MTECHTIPS- Crude oil trading range for the day is 3507-3595. Crude oil wiped out some of the gains amid worries lower growth targets in China and ongoing concern over Russia’s compliance on oil output. Risk appetite also took a hit on rising geo-political tensions in East Asia, as North Korea fired four ballistic missiles. China lowered its growth target for the year to 6.5 percent, compared with 6.7 percent last year. BUY CRUDE OIL MAR 2017 @ 3540 SL 3500 TGT 3585-3620. MCX.

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