Moneycontrol
Jun 16, 2017 01:52 PM IST | Source: Moneycontrol.com

Crudeoil to trade in 2840-2912: Achiievers Equities

According to Achiievers Equities, Crudeoil prices still continued to sustained below $45 mark although the pace of the collapse slowed, as traders continued to assess yesterday's Fed announcement.

Crudeoil to trade in 2840-2912: Achiievers Equities

Achiievers Equities' commodity report on Crudeoil


Crudeoil trading range for the day is 2840-2912.

Crudeoil prices still continued to sustained below $45 mark although the pace of the collapse slowed, as traders continued to assess yesterday's Fed announcement.

The International Energy Agency says it expects oil supplies next year to outpace demand despite consumption hitting 100mbpd for the first time.

OPEC and its allies have promised to restrict output until at least the end of the first quarter of next year to try to drain surplus supply.

BUY CRUDEOIL JUN 2017 @ 2850 SL 2820 TGT 2890-2930.MCX.

For all commodities report, click here


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