MDEX CPO Futures

[swingtrader188]

I expect MDEX CPO Futures to make significant decline over the next few days. Min target at 2860. Stop loss above 3452. Last close at 3265.
Need big capital to play MDEX CPO Futures because of wide stop. How I wish Bursa introduce CPO mini or micro contract.
Anyway this is my analysis.
Monthly: Stochastic overbought. ABC corrective rally to 61.8% of downswing from Mar 08 to Oct 08.
Weekly: Stochastic bearish reversal on w/e 12 Nov 10 weekly bar. Downswing expected to continue.
Daily: Stochastic bearish reversal on 12 Nov 10 daily bar.

Summary:
With monthly stoch OB, weekly and daily stoch bearish after an ABC corrective rally to 61.8% retracement zone, a decline is expected.