Crude Oil range for Today & Global Uddates

Crude oil trading range for the day is 3417-3631.Crude oil dropped after the head of the International Energy Agency predicted a significant boost to U.S. output.Sentiment in oil markets has been torn between expectations of a rebound in U.S. shale production and hopes that oversupply may be curbed The IEA (International Energy Agency) said it expects higher oil prices to trigger a significant boost in U.S. shale output.

Crude on MCX is trading at 3500 January future contract , So you can Buy Crude Oil January at around 3500 targets 3525, 3539 Stop Loss 3474.

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