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US: (U17) Focus Now On 125-290/126-050
*RES 4: 127-020 - Daily Bull channel top
*RES 3: 126-290 - High June 26
*RES 2: 126-220 - Hourly resistance Aug 14
*RES 1: 126-140 - Alternating hourly support/resistance
*PRICE: 126-110 @ 0140GMT
*SUP 1: 126-050 - Low Aug 9, 21-DMA
*SUP 2: 126-040 - 55-DMA
*SUP 3: 125-290 - Low Aug 8, Bull channel base
*SUP 4: 125-210 - 100-DMA
*COMMENTARY: Daily studies looking to correct from O/B and the Bollinger top
(126-220) limiting follow through are weighing resulting in a break of the
126-140 support and seeing pressure now on 125-290/126-050. Bears look for a
close below 125-290 to hint at a deeper correction with below 125-150 targeting
124-210/250. Bulls continue to look for a close above 126-220 to ease renewed
bearish pressure and retain focus on 126-290.