WTI Price Forecast: Breaks below $71.50, ascending channel pattern

West Texas Intermediate (WTI) Oil price extends its losses for the second successive session, trading around $71.40 per barrel during the early European hours on Thursday.
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EUR/JPY remains depressed near 165.70, bulls have the upper hand while above 200-day SMA

The EUR/JPY cross struggles to capitalize on the previous day's goodish bounce from levels just below the 165.00 psychological mark and attracts fresh sellers on Thursday.
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