MTECHTIPS:-Crude oil to trade in 3264-3340 range: Achievers Equities
MTECHTIPS- Crude oil trading range for the day is 3264-3340. Crude oil dropped amid uncertainty ahead of a planned OPEC-led crude production cut and thin liquidity during the U.S. Thanks giving holiday. IEA Director Faith Biro told that even if production is cut, prices could soon come back under downward pressure again. OPEC is due to meet on Nov. 30 to coordinate a cut, potentially together with non-OPEC member Russia. SELL CRUDE OIL DEC @ 3320 SL 3370 TGT 3272-3240. MCX.