Nov 30, 2016 12:45 PM IST IST | Source: Moneycontrol.com
Crudeoil to trade in 3119-3313 range: Achiievers Equities
According to Achiievers Equities, Crude oil dropped dragged by a strong dollar and uncertainty over whether OPEC will agree to cut production at the group's meeting.
Achiievers Equities report on Crudeoil
Crudeoil trading range for the day is 3119-3313.
Crude oil dropped dragged by a strong dollar and uncertainty over whether OPEC will agree to cut production at the group's meeting.
A decline in China's October crude oil imports to their lowest on a daily basis since January added to the bearish tone.
The oil minister of non-OPEC nation Azerbaijan said OPEC was also pushing oil producers outside the group to make big cuts in output.
SELL CRUDE OIL DEC BELOW 3175 SL ABV 3214 TGT 3132-3102. MCX.
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