While next week looks to be a quiet week in the cosmos, look for gold to make a low on Wednesday and crude to set a low Friday, reports Susan Gidel.

The planets in the sky are constantly moving, and almost constantly connecting with one another by geometric aspect. From an astrologer’s point of view, the main aspects are: (1) conjunction, 0 degrees apart; (2) opposition, 180 degrees apart; (3) square, 90 degrees apart; (4) trine, 120 degrees apart; and (5) sextile, 60 degrees apart.

For the week of Feb. 10-14, the 10 planets are not making any aspect to any other planet! This is a rare occurrence, and portends a relatively quiet trading week overall because none of us are being affected by these connection energies from the sky.

Indeed, the biggest action in the cosmos for the week is the Full Moon in Leo on Sunday, Feb. 9, which could put the spotlight on the position of leaders around the world. On the upside, leadership capabilities are highlighted. On the downside, it could be a case of the emperor has no clothes.

However, the planets’ positions still are making connections with the first-trade horoscope charts of individual markets that could result in three market lows, as described below.

Monday, Feb. 10

  • Low in Soybeans: The strongest argument for a low in soybeans is that Venus is opposite first-trade Mercury to the degree. In a supporting role is first-trade Mars, which is activated by a conjunction from the Moon and opposition from transiting Mercury. Finally, the transiting Sun is in an easy trine aspect to the first-trade Moon, which should provide support. The $8.73 to $8.75 per bu. area is support garnered from the midheaven and Mars conversion levels, respectively.

Wednesday, Feb. 12

  • Low in Gold: The gold market’s natal Pluto, often contacted at price lows, is hit from two directions. The transiting Moon is conjunct at the same degree, while transiting Venus is opposite. Other connections are like those seen at recent highs, including Jupiter conjunct first-trade Mercury, and Saturn/Pluto conjunct first-trade Venus. Look for rock-solid support in nearby April at $1,545 per oz., Saturn’s price conversion level.

Friday, Feb. 14

  • Low in Crude Oil: Strong connections to four important planets in crude oil’s first-trade horoscope occur on Valentine’s Day. The most significant is that transiting Mars is conjunct first-trade Neptune, the market’s ruling planet, in a transit that occurs just once every two years. Simultaneously, the money planet Venus is aligned with the market’s first-trade Sun, while the transiting Moon is opposite first-trade Venus. For the cherry on top, transiting Sun is trine first-trade Pluto. Look for $50.80 per barrel, the conversion level of the natal IC angle, to provide support. After that, the next planetary price conversion support is $44.30.

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

Pretty Darn Good

  • Low in Soybeans on Thursday, March 30: March beans fell below support at $8.80 per bu. in a big-range down day, closing at $8.76 ¼, just above planetary price support at $8.73 to $8.75. The ultimate low came two trading days later, when March hit $8.68 ¾. However, it still closed above the planetary price support, at $8.77.

The position of planets in the sky as they relate to their positions when a market first began trading can provide clues to potential trend changes. The energy is strongest on the days noted in this post, but it is not unusual for the effect to be seen a day or two either side. See backgrounder “Market Analysis with Astrology” for further information. 
Susan Gidel is editor of the Red Letter Trading Days newsletter.