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Last Updated Date: 2 August 2021 @ 8:28 AM (UTC)
*Please note that all the dates are in GMT time zone

Oil prices fell on Monday on worries over China's economy after a survey showed growth in factory activity slipped sharply in the world's second-largest oil consumer, with concerns compounded by a rise in oil output from OPEC producers.

The rejected secondary rally last week and drop off into Friday reinforces the island topping turnover. A close under  3.841 is bearish and should foster selloffs along 3.735 and a penetration under 3.642, open up a selling wave towards 3.573. A close over 4.097 stops the short term downturn. 


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