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Charting Asia with Daryl Guppy

  • The Dow Jones entered negative territory, while the S&P 500 and NASDAQ posted their worst weeks since 2012, leading traders to warn of a correction.

  • Nymex crude oil fell below $90 per barrel for the first time in 17 month last week amid signs of a supply glut, and charts suggest further downside.

  • Expectations that the Fed will raise interest rates coupled with growth headwinds in Europe have pushed the U.S. dollar index higher.