The stars are forecasting highs in soybeans, crude oil, the euro and the S&P 500 next week, writes Susan Gidel.

In the first week of summer, the planets are relatively low-key. The biggest connection is one between the Sun and Uranus that is in effect during the G-20 summit in Osaka, Japan on June 28-29, when President Trump and Chinese President Xi Jinping are currently expected to meet to discuss trade. The Sun/Uranus relationship suggests being on alert for leaders to make unexpected change.

Monday, June 24

  • High in Soybeans: Four transiting planets are connected to the soybean market’s first-trade horoscope Moon, one of the primary planets activated at times of price highs. Transiting Venus is aligned with the soybean Moon while Jupiter is directly opposite. The transiting Moon and Neptune are at 90-degree angles to the market’s natal Moon. For July beans, look for resistance at the planetary price conversion levels of $9.38 per bushel. and $9.50. For November beans, the resistance marks are $9.50 and $9.78.
  • Low in 10-year Treasury note: The first-quarter Moon activates three significant planets in the first-trade horoscope chart for 10-year T-notes. First, the transiting Moon is aligned with the market’s natal Venus at the top of the horoscope chart while opposite the market’s natal Mars and Moon. Meanwhile the Sun is at a 90-degree angle to Mars. Look for support in the September contract at 127-07, the Saturn price conversion level.

Tuesday, June 25

  • High in Crude Oil: The planet of action, Mars, is at an exact 90-degree angle to Mars in crude oil’s first-trade horoscope chart. The crude oil Mars is at the apex of a T-square with transiting Mars and Mercury opposite transiting Pluto, thus at the expression point. As an added boost, the transiting Moon is aligned with the crude oil market’s first-trade Sun. If prices break through $57.20 per barrel, then $60.90-$61.00 is the next level of planetary price conversion resistance, with $62.30-$63.90 the next rung higher.

Wednesday, June 26

  • High in S&P 500: The brightest orb in the sky, the Sun, is in a supportive aspect to Venus in the S&P 500’s launch-day horoscope chart, a planet that often is highlighted at times of market highs. In addition, the transiting Moon is aligned with the S&P 500’s natal Moon in a once-a-month homecoming. If the S&P 500 can remain above critical planetary price conversion support at 2944, then 3010-3011 is the next rung higher, with 3058-3063 higher yet.  

Friday, June 28

  • High in Euro FX: Two out of three planets typically in play at highs in Euro FX are activated. First, the transiting Moon is aligned with Mars in the Euro FX first-trade horoscope chart. Second, transiting Venus is crossing the highest point in the currency’s natal horoscope. September contract prices are in a little no-man’s land between planetary price support at $1.1360-$1.1380 and resistance at $1.1620.

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

Bullseye!

Low in Gold on Wednesday, June 19: Although it didn’t look like much of a low on the chart, Wednesday’s low in August gold of $1,344.80 per oz and close at $1,348.80 looked positively cheap by Thursday morning, when the August gold contract rallied early to $1,397.70, a nearly $50 move. What’s more, prices blew through what should have been significant resistance at $1372, the Venus planetary price conversion level that has marked resistance on nearby gold prices since 2013.

Pretty Darn Good

High in Crude Oil on Wednesday, June 19: The big rally came on Thursday, June 20. August crude oil rallied more than $3 per barrel, climbing to $57.37. However, the contract closed at $57.16, below the important planetary price conversion level of $57.20.

Off the Mark

Low in Euro FX on Thursday, June 13: This day’s trade, closing at $1.13620, was midday between the high of June 7 at $1.14375 and the low of June 18 at $1.12615.

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.