Stars suggest a low in gold next Wednesday and a high in crude on Thursday, reports Susan Gidel.

The planet that brings out-of-the-blue surprises, Uranus, is in this week’s spotlight as the Sun and Mercury travel along in the sky with it in the sign of Taurus, the sign that rules money and finances. Thus, expect the continued possibility of economic surprises.

The Sun is exactly conjunct Uranus early Sunday morning, April 26. This connection emphasizes the role of any type of leader (the Sun) in being involved with the unexpected. Mercury enters the sign of Taurus just minutes before Monday’s NYSE close, so could bring a bit of late-session heaviness. Mercury conjoins Uranus Thursday at 11:41 pm EST, which could bring surprising news in overnight trading. On Tuesday afternoon, Mercury square to Saturn in the sky suggests rigidity concerning communication of long-term plans.

Pluto, the planet on a mission to transform business and government since 2008, turns retrograde in motion on Saturday, April 25 at 2:54 pm through Oct. 3. It will backtrack over the degrees it has covered since Jan. 4, 2020, reviewing how its transformation since then has been progressing. Expect navel-gazing and evaluation of the Coronavirus-induced economy until Pluto turns direct in early October. Pluto doesn’t enter new territory by degree until Jan. 25, 2021, when new ideas about transformation could appear.

  • High in Soybeans on Tuesday, April 28: Both primary axes in the first-trade soybean horoscope are activated by exact conjunction, a connection of culmination. The Venus/Uranus axis is being visited by the Sun, Uranus and Mercury conjunct natal Uranus. Transiting Venus is conjunct the first-trade Moon and opposite first-trade Jupiter. In July beans, look for resistance at the planetary price conversion levels of $8.73 per bu. to $8.75.
  • Low in Gold on Wednesday, April 29: Transiting Moon opposes the gold market’s first-trade Venus while heavy hitters Pluto and Jupiter remain in conjunction range. Making an easy, generally supportive trine to the market’s natal Sun are three planets—the Sun (exact to the degree), Uranus and Mercury. Finally, transiting Venus is opposite gold’s natal Mars. In June gold, three planetary price conversion levels stand at $1688 per oz. to $1694.
  • High in Crude Oil on Thursday, April 30: As it does once a month, the transiting Moon makes a Grand Trine with the market’s first-trade Sun and Jupiter/Uranus positions. This time, however, the transiting Sun is aligned with gold’s natal Venus, providing additional spotlight and lift. In both the June and July contracts, look for planetary price conversion resistance/support at $20.80 per barrel to $21.20; then $24.90-$25.00 and $26.30-$26.90.

Can you help me find Brent crude first-trade data? I’d like to switch my ongoing analysis to ICE Brent crude oil futures from WTI at NYMEX but need a definitive first-trade date and time to conduct my astrological research before I do. All I know right now is that the current active Brent contract at ICE launched in London at the International Petroleum Exchange in June 1988. Many thanks in advance for any data or leads on where I might find Brent crude’s launch information. Please email susan@susangidel.com.

  • Low in 10-year Treasury note on Friday, May 1: Just two days before the market’s official birthday, three planets are conjunct the first-trade Sun and providing a trifecta of support—the Sun, Mercury and Uranus. In addition, money planet Venus in the sky is in an easy trine to the market’s first-trade Saturn. Planetary price conversion levels are of not much guidance at the moment as June prices are in a no-man’s land between 136-08 and 143-07.

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

Off the Mark

  • Low in Euro FX on Tuesday, April 21: It looks like a low was made on Thursday, April 23 at 1.07680 in the June contract, not on Tuesday. On the projection’s upside, prices did not breech the anticipated planetary price conversion support levels of 1.0720-1.0730.
  • High in S&P 500 on Tuesday, April 21: The S&P 500 made a low, not a high, at 2727.10 on Tuesday. However, correction rallies from the March lows have yet to significantly penetrate planetary price conversion levels of 2850-2863 or 2896, with the April 17 high at 2879.
  • High in Crude Oil on Wednesday, April 22: June crude oil hit a low of $6.50 per barrel on Tuesday, April 21 in the final hour of trading for the May contract, which had traded in negative price territory the day before. Interestingly, May crude oil’s low of negative $40.32 was aligned with a Venus conversion level of 403, with Venus levels some of the most important as support/resistance on long-term charts. 

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.© Copyright 2020 SusanGSays LLC