Weekly Outlook Chartbook

Dec Hogs
Trend is up
RSI overbought.
MACD bearish cross.
Neartest Support: 47.5
Nearest Resistance: 54.95
Bias: Look for correction lower wave 4 then continued uptrend wave 5.

Dec Live Cattle
No Trend
RSI overbought.
MACD Bullish Cross
Neartest Support: 83.45
Nearest Resistance: 87.6 area
Bias: Wave 1 strength may continue for now. Possible correction wave 2 lower near.

Dec CBT Wheat
No Trend
RSI overbought.
MACD bullish cross.
Neartest Support: 440
Nearest Resistance: 584.5
Bias: Wave 1 strength may continue for now. Possible correction lower to establish uptrend soon.

Nov Soybeans
Trend is up
RSI overbought.
MACD bullish cross.
Neartest Support: 882 double bottom
Nearest Resistance: 1020.5 area
Bias: Wave 1 strength should continue. Look for possible correction lower then continued uptrend soon.

Dec Corn
Trend is up
RSI overbought.
MACD bullish cross.
Neartest Support: 313
Nearest Resistance: 474
Bias: Look for current wave 3 strength to continue for now. Watch for corrective wave 4 to develope shortly.