MTECHTIPS:- Crude oil to trade in 3056-3236: Achievers Equities

MTECHTIPS:- Crude oil to trade in 3056-3236: Achievers Equities

MTECHTIPS-Crude oil trading range for the day is 3056-3236. Crude oil dropped weighed down by oversupply, but losses were limited by expectations that major exporters would agree to extend production cuts. Pressure also after news that two key oilfields in Libya had restarted, pumping crude for export into an already bloated market. Libya’s Shankara oilfield, with a production capacity of almost 300,000 bpd, has restarted after the end of protests that had blocked pipelines there. BUY CRUDE OIL MAY 2017 @ 3120 SL 3080 TGT 3170-3200. MCX.

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