Posts Tagged ‘crude oil’
Crude Oil and the Planets
Many years ago the administrators who worked to launch a new commodity contract onto an exchange seemingly were well versed in astrology. A case in point is crude oil futures and their first trade date of March 30, 1983. The horoscope wheel shows a rectangular pattern with corner points of Neptune, Mars, Node, and Moon. I have noticed that times when Sun (or Mars) passes these corner point locations in the zodiac, there is a price response on crude oil futures; sometimes a muted response, sometimes a significant response.
The following chart shows what happened recently when Sun passed three of these corner points:
In December 2022, Sun passing the 1983 Neptune point caused a drawdown in oil price. In March 2023, a steep drawdown was associated with Sun passing the 1983 Node point. In April 2023, a steep selloff was triggered as Sun passed the 1983 Mars location.
Along the way, Mercury and Moon passing these same corner points helped to define other pivot points.
Fibonacci math also plays a role in defining the crude oil price chart. In Nov-Dec 2022, oil prices fell significantly. Price recovering to the $80 level was Fibonacci 48.6% retrace of this drawdown. This same price level recently acted as overhead resistance in April 2023. A selloff in early May was halted as Moon passed the 1983 natal Moon point.
And so it goes. Astrology is a powerful tool in guiding you through the turbulent oil market.
