Stars forecast highs in T-notes, gold and soybeans early next week and a low in the euro on Thursday, writes Susan Gidel, editor of the Red Letter Trading Days newsletter.
The week June 10-14 starts off with a bang, then gets calmer by Friday’s close. On Monday, the Sun and Jupiter are opposite in the sky, reaching a maximum culmination that says it is “last call” before the party ends. Interestingly, there is the potential for highs in the 10-year Treasury note, gold and soybeans on Monday and Tuesday.
On Wednesday, the day of a potential minor high in the S&P 500, Mars leaves the “out-of-bounds” status it has been in since April 21 and returns to more normal, predictable behavior. Mars remains in the headlines on Friday, but on a serious note as it is exactly opposite Saturn, a connection that says it is time to buckle down to work.
Monday, June 10
• High in 10-year T-note: Three important points on the first-trade horoscope for 10-year Treasury note futures are highlighted. In a fleeting aspect, the transiting Moon is aligned with the first-trade Moon and opposite the first-trade Venus. A transit with more legs is from Mars, Saturn and Pluto in the sky, all at a 90-degree angle to first-trade Saturn, often activated at price highs. Look for resistance at the planetary price resistance levels of 127-07 to 128-05; support is at 125-08 to 126-00.
Tuesday, June 11
• High in Gold: The good times in gold prices could come to an end as planets in the sky clamp down on the three planets from the first-trade horoscope chart that are most affected at trend changes—Sun, Mercury and Venus. For the Sun, transiting Mercury is across the chart while the Moon makes a 90-degree aspect. Mercury and Venus in the first-trade gold chart are part of a tug-of-war between Mars and Saturn that could produce no good winner. The Venus price conversion level of $1,372 per oz. should provide substantial resistance. If cleared, look for the next level at $1,401, then $1,423.
• High in Soybeans: A closely watched Crop Production report from the U.S. Department of Agriculture, released at noon EDT on Tuesday, will provide estimates on the size of this year’s crop that has been delayed by late plantings. Astrologically, the Sun and Moon of the first-trade horoscope for soybeans futures are being closely aspected by the transiting Sun, Moon, Mercury and Mars. The two most important planetary price conversion levels to watch for resistance are Venus at $9.38 per bu. and Saturn at $10.67.
Wednesday, June 12
• High in S&P 500: A minor high could occur as: (1) the transiting Moon is opposite the position of the Moon when the index launched in 1957; and (2) transiting Venus is conjunct the launch horoscope descendant. The end-of-cycle planetary price conversion level of 2863-2865 is a critical area of support/resistance, with the index Ascendant conversion price of 2944 also significant.
Thursday, June 13
Low in Euro FX: Heavy-hitters Sun and Jupiter are transiting both ends of the vertical axis of the Euro FX first-trade horoscope chart, an axis activated at previous significant market lows. The first-trade Venus, also a primary marker at lows, is at a 90-degree angle to both Mercury and Mars. Planetary price conversion support stands at $1.117 and $1.107; resistance is $1.136-$1.138 and $1.162.
Last Week’s Scorecard (through Thursday’s close)
Pretty Darn Good
• High in Soybeans on Friday, May 31 and Monday, June 3: July soybeans scored a high of $8.94 ½ per bu. during Monday’s overnight session for trade date June 4, between planetary price resistance levels of $8.87 and $9.03. The rally came after news late Monday afternoon that this year’s plantings stood at 39% complete vs. the five-year average of 79%.
• Low in Crude Oil on Friday, May 31: WTI Crude oil fell to $53.05 per barrel in the July contract in a wide-range day of more than $3.50 (crude tends to have large moves on the last day of the month). Prices kept dropping into June 5, at $50.60, just below the planetary price conversion support price of $50.80.
• Low in Gold on Friday, May 31: August gold rallied $18.70 per oz., climbing to $1,311.90 that day. The market ultimately reached $1,348 on June 5, but closed at $1,333, just above the planetary price resistance area of $1,328-$1,330.
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.
