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TFC Commodity Trading Forum

Re: Corn Repeating Cycle Is History Now

Appreciate your reply, it is an honest answer.

I don't in any way mean to predict it. I know what positions I took, which is outside of the topic of what will happen. It is kind of a beautiful thing, this triangle. I will say that I believe when it does break out of this, it will be in the next week maybe two. And I would not be surprised if it was a large move in the direction it goes. If it goes higher, there will be a lot of buyers jumping on board, if lower a lot of sellers jumping in after a true break from these areas.

I do think that it will be a surprise either direction to many. That many people are watching this waiting to jump into the direction it decides to go.
The open interest in wheat the past two weeks has increased more than 30%. Does anyone have thoughts on open interest increases in triangle patterns before breakouts. Does it favor chart movement up or down?

I don't know why, but I think this charting stuff is interesting.