Moneycontrol
Mar 17, 2017 01:29 PM IST | Source: Moneycontrol.com

Crudeoil to trade in 3130-3276 range: Achiievers Equities

According to Achiievers Equities, Crude gained as support seen after the remarks by the Saudi energy minister in focus as well as weekly rig count data.


Achiievers Equities' commodity report on Crudeoil


Crudeoil trading range for the day is 3130-3276.

Crude gained as support seen after the remarks by the Saudi energy minister in focus as well as weekly rig count data.

Saudi Arabia’s energy minister, who said output cuts led by the OPEC may be extended if necessary, according to Bloomberg

Crude inventories at 528.2mbls are 7.3% higher than year-ago levels, and the storage hub at Cushing, Oklahoma.

SELL CRUDEOIL MAR 2017 @ 3200 SL 3240 TGT 3162-3128.MCX.

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