Pull back required on the 1W Channel Up.

CME:LE1!   Live Cattle Futures
Live Cattle ( LE1! ) is trading within a long term 1W Channel Up ( RSI = 60.152, ADX = 29.000, Highs/Lows = 7.0679, B/BP = 14.6880) that has recently made a Higher High with an obvious Resistance zone at 114.00 - 114.325. Being on overbought STOCHRSI, Williams and CCI , a pull back to a Higher Low (~110.000) is required to sustain a healthy uptrend, which should most likely result in a new Higher High near 116.000 (TP).
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