The stars are forecasting lows in crude oil, the euro, 10-year Treasury notes in the week ahead, according to Susan Gidel.

The Sun makes once-a-year connections to the crude oil market’s first-trade Mars and euro first-trade Saturn on Monday, April 15. Mars and Saturn have a tinge of bear associated with them, so when the Sun highlights them, it emphasizes decline, which can become a low turning point.

The Moon, traveling through Scorpio and Libra, activates the euro first-trade Moon (emotions) on Monday, April 15 and the 10-year Treasury note’s first-trade Mars (action) and Venus (money) on Wednesday, April 17.

Swift-moving Mercury and Venus, the money planet, are hooked up with the first-trade Venus/Mars opposition in the 10-year T-note market on Wednesday, signaling important action concerning trading and money. Venus also activates its fellow good-deed-doer, Jupiter, in the euro first-trade horoscope on Monday.

Monday, April 15

  • Low in crude oil: Connections to the position of Mars in the first-trade horoscope of crude oil futures are present in nearly two-thirds of important lows. On Monday, the Sun is exactly aligned with that first-trade Mars. Also lining up is transiting Mars opposite the first-trade Jupiter and Uranus. Planetary price support in nearby May is at $62.30-$62.90, then $60.90-$61.00. Resistance is at $68.80.
  • Low in the euro: The two main axes in the euro first-trade horoscope chart, which signify important shifts, are activated by transiting planets on Monday. The Moon is aligned with the first-trade Moon at the bottom axis (angle). Meanwhile, the money planet Venus is aligned with the currency’s first-trade Jupiter on the western axis (angle), spurring it on to spread its goodness far and wide. Finally, the Sun is aligned with the market’s first-trade Saturn, which could dampen any of Jupiter’s exuberance. In nearby June, planetary price support exists at $1.1070-$1.1170; resistance is at $1.1360-$1.1380.

  Wednesday, April 17

  • Low in 10-year Treasury note: The important Venus/Mars opposition in the natal 10-year T-note futures first-trade horoscope chart is being activated by three planets on Wednesday. Transiting Mercury (trading/commerce) and Venus (money) are aligned with the first-trade Venus and opposite the first-trade Mars. Meanwhile, the transiting Moon is aligned with first-trade Mars and opposite Venus. Planetary price support for nearby June is at 118-08.

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

Bullseye!

  • High in gold on Tuesday, April 9: The gold market made a significant high on Wednesday, April 10, just $4 per oz. above Tuesday’s high at $1,310.40 before falling as low as $1,292.90 on Thursday, just above Uranus planetary price support at $1291.

Pretty Darn Good

  • High or Low in S&P 500 on Friday, April 5: The S&P 500 topped on Monday, April 8 at 2895.95, just two points higher than Friday’s high of 2893.24. Monday’s high held all week (through Thursday’s close).

Off the Mark

  • Low in soybeans on Wednesday, April 10: Nearby May made a low on Thursday, April 11 at $8.95, just a tick above Monday’s low of $8.94 ¾. Wednesday’s trade was in the middle of the range for the week.
  • High in 10-year T-notes on Friday, April 5: Prices on April 5 set a low, not a high. But, it was a change in trend. The April 5 low of 123-08.5 marked the end of the down move from the March 27 high of 124.310, and supported a rally to 123-295 by April 10.

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 “Market Analysis with Astrology” for further information.
Susan Gidel, editor of the Red Letter Trading Days newsletter.