The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.NEW YORK ( TheLFB-Forex) -- There are very few news wire headlines that are able to impact the current sentiment towards crude oil valuations. Price action continues the choppy and overlapping trading pattern that has found support, and is unable to break resistance, on West Texas Intermediate (WTI) trade.
If global market trade favors the selling of WTI below 98.50, and equity indices continue the recent selling, a potential trade signal will be issued on EUR/USD. Selling the EUR and buying the USD via this currency pair from 1.4550 draws in 1.4500 and 1.4450.
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