The position of planets as they relate to when a market first began trading can provide clues to potential trend changes. The energy is strongest on the days noted below.

The largest planet in the universe, Jupiter, turns retrograde in motion on Wednesday, April 10 at 1:01 pm EDT. Jupiter wants to expand and support whatever it touches, and that tendency weakens when it appears to be moving backward in the sky. Jupiter remains retrograde for four months, until Aug. 11, so it may be hard to get significant rallies going during this time.

Also on Wednesday, April 10, the Sun and Saturn are at a 90-degree angle to one another in the sky, adding to the tension that Jupiter’s change in direction brings. Money planet Venus and Neptune are aligned in Pisces on Wednesday, indicating the potential for money to dissolve.  

  • Tuesday, April 9

High in gold: The three most likely planets in the gold market’s first-trade horoscope to be activated at a high are the Sun, Mercury and Venus — and all three are getting touched by transiting planets in the sky. The first-trade Sun is in a tension-filled aspect with Mars and the Moon. Meanwhile, the transiting Sun is in a 90-degree square to the first-trade Mercury and Venus. For a cherry on top, the money planet Venus is aligned with the soybean market’s first-trade Jupiter, indicating a maximum in money and growth. Nearby June has major resistance at the Venus conversion price of $1,372 per oz., with nearer resistance at $1,328-$1,330 (midheaven and Neptune conversions). Support is at $1,291 (Uranus conversion).

  • Wednesday, April 10

Low in soybeans: Three planets are aligned with the soybean market’s first-trade Saturn, one end of an important natal axis in its horoscope chart. Venus and Neptune in Pisces are in the exact same degree as the soybean market’s natal Saturn, with Mercury just four degrees away. Saturn restricts, so for this planet to be emphasized means restriction is peaking, i.e., a low in price might be forming. Supportive to future growth is that the transiting Sun is in a 120-degree trine aspect to the market’s natal Jupiter, which represents expansion. Nearby May continues to have planetary price resistance at $9.12 and $9.38, with support at $9.03 and $8.77. In new-crop November, $9.12 and $9.03 are support areas. Resistance in the November contract is at $9.38, then $9.50 (Ascendant price conversion) and $9.78 (Jupiter).

Last Week’s Scorecard (through Thursday’s close)

Pretty Darn Good

  • High in crude oil on Friday, March 29: One day before the crude oil futures contract’s birthday of March 30, the market made its highest close since November 2018, closing at $60.73 per barrel. The big move came on Monday, April 1, which set up a rally to the planetary resistance area at $62.90, as nearby May hit $62.77 on April 4.

Off the Mark

  • Low in soybeans on Tuesday, April 2: Soybeans made a low on Friday, March 29, and the big rally day was Monday, April 1 when nearby May rose 11.25¢ per bu.