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Negative Start

OIL

Crude futures are off to a negative start in Asia on Monday, pressured by a broad risk off tone as the slide in Evergrande has soured sentiment, the greenback has also continued its rise putting crude futures under further pressure. For WTI support is seen at $69.49 the 20-day EMA, Brent has support at $72.47/70.88 the 20-day EMA / Low Sep 8. Markets look ahead to the FOMC meeting on Wednesday this week.

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