Tag Archives: crude oil

Crude Oil Plunge Continues

Crude Oil prices continued their sharp decline today.

When I last checked, crude oil was trading at $48.43 a barrel. That’s a day-to-day decline of about 1.72% – on top of the sharp pullback the commodity has seen during the past couple of trading sessions.

Crude Oil Down
Crude Oil dropped by more than 9 percent on March 8 and 9 to close below $50 a barrel.

The price decline has created some consternation for active crude oil traders. That’s been especially true, of course, for those with big long positions.

Distress Among Crude Oil Traders

I had an opportunity to get some first-hand feedback on this surprising market during the course of the trading day yesterday.

Crude Oil Price Drop VideoAnd, as I summarized in a brief YouTube video, one of the dominant reactions is surprise.

Surprise that the price decline is happening at all.

Surprise that it’s happening so quickly.

And surprise at the ripple effect it’s been having, in ancillary sectors like exploration equipment and oil pipelines.

Of course surprise is one of the big emotional components that can drive important action in the markets. But even so, I’m not so sure that it’s fully justified in this case.

Solar Eclipse Market Forecast

At least the drop in oil prices shouldn’t have been a surprise to anyone who read our new e-book, Courage and Clarity in a Time of Turmoil, which was published last month.

This comprehensive 135-page publication covers a lot of territory. It includes a detailed analysis of eclipse activation dates and the resulting anticipated market trends through next October.

It also features a specific forecast for Crude Oil during the months ahead.

We based that forecast on the eclipse activation of the NYMEX Crude Oil horoscope, using the 90-degree dial as a frame of reference.

The NYMEX Crude 90-Degree Dial

NYMEX Crude Oil Feb17 Eclipse
February 2017 solar eclipse activation of the NYMEX Crude Oil horoscope.

The 90-degree dial is simply a representation of the traditional horoscope that allows us to see fourth-harmonic and eighth-harmonic alignments more clearly.

In this case we’re using the NYMEX Crude First-Trade chart, and have turned the red pointer to the position of the February solar eclipse.

That pointer triggers the Mecury/Saturn and Hades/Kronos midpoints in the chart, providing us with a clear signal that a pull-back in oil is in the works.

 

 

Oil Prices Today & Tomorrow

So what’s really going on?

Have we seen a true bottom in oil prices today, or is the current upward movement just a sign of a dead-cat bounce?

That’s the topic of a feature article in the current issue of FinancialCyclesWeekly newsletter – it not only talks about the situation in oil prices today, but also reviews the potential for oil trends during the coming months.

Trade ETFs To Play Oil Prices Today

Although Crude Oil Futures grab most of the headlines when it comes to news about oil, remember that you can also get into the trading opportunities offered by oil prices today by getting into oil-based ETFs.

The ETFs don’t offer the same kind of leverage that futures contracts provide, but if you choose your ETF wisely you can still get a lot of bang for your buck, especially if you see that oil prices today are trending strongly.

USO Tracks Oil Prices Today
This trading chart for the USO ETF closely follows the current trend in Crude Oil, since the price of the ETF each day is based on what happens to oil prices today in the futures markets.

For example, United States Oil Fund Limited Partnership (USO) trades on the New York Stock Exchange as an ETF, providing good liquidity and a low barrier to entry for small-scale speculators looking for a play in the oil market, since it closely tracks the trading action in Crude Oil Futures.

The trading chart above shows the way that geocentric Mars and Admetos in the ninth harmonic work together to structure support and resistance in the market action in oil prices today, as reflected in the trading for USO.

Bring On The Transneptunians!

It’s interesting to note the role of the Transneptunian Admetos here.

Many financial astrologers associate the planet Neptune with the oil industry.

They aren’t wrong in doing so, but at times this astrological signature can limit their thinking.

If the observation of planetary factors ends there, it can actually become an obstacle to developing an assessment of oil prices today and a forecast for future trends.

Admetos is connected with raw materials in general, and can be a critical factor in assessing supply-and-demand questions. So when we look at it along with Mars, we can get a pretty good picture of some of the key forces behind oil prices today.

What Do Midpoints Say About Oil Prices Today?

The Mars/Admetos midpoint also figures prominently in the First-Trade horoscope for USO. It’s easy to see its importance on the 90° dial.

Oil Prices Today - USO FT Dial
If we want to figure out what’s going to be happening to oil prices today and in the future, a very good place to start is with the 90-degree dial for USO.

The First-Trade 90° dial for USO shown here reveals the potentially dramatic effect that we may see with Neptune’s retrograde station coming up on June 12, 2015.

The red arrow on the right side of the dial is the position of the Neptune station, which will trigger Moon/Venus, Mars/Admetos, Neptune/Kronos, and Jupiter/Node midpoints in the USO First-Trade horoscope.

This midpoint zone is extremely sensitive, and needs to be watched closely in forecasting oil prices today or at any future time.

By the way, this same midpoint zone has been repeatedly impacted by eclipses in recent years, including the solar eclipse on January 15, 2010, the solar eclipse on June 1, 2011, the lunar eclipse on October 18, 2013, and the lunar eclipse on April 15, 2014.

During the coming years we’ll also be watching the solar eclipse on September 1, 2016 and the lunar eclipse on July 16, 2019 and potential triggers for the oil market as well.

What’s Happening with Gold Trading Astrology?

With the situation in Iraq spiraling downward so precipitously and lots of uncertainty hitting the markets for Crude Oil, it shouldn’t be too surprising to see Gold getting some extra attention.

The yellow metal typically climbs in price whenever there’s some kind of geopolitical crisis brewing.

But in this case, we need to be paying attention to Gold trading astrology, too. It looks like Gold is getting some help from the Sun/Kronos combination that has had such a profound effect on the price of the precious metal in recent years.

In particular, we got a Sun/Kronos parallel last week as Gold was moving into rally mode; that parallel of declination will be coming into play toward the end of the month, as we get ready for the Sun/Kronos conjunction on June 29.

My expectation is that the Sun/Kronos conjunction then will give us the trigger we need for a substantial rally in Gold as we move into July and August.

If that’s the case, then the response we’ve seen in the last week with the Sun/Kronos parallel is just a preview of coming attractions!

By the way, you can see a chart for Gold that features the Sun/Kronos dynamics on the FinancialCyclesWeekly.com website. Check it out at:

http://www.financialcyclesweekly.com/public/Gold-Gets-A-Boost-From-the-SunKronos-Parallel.cfm

And while you’re at it, be sure to print out the list of Sun/Kronos alignments at:

http://www.financialcyclesweekly.com/public/The-Sun-and-Kronos-Move-the-Price-of-Gold.cfm

Unanswered Questions as the Planets Impact Stock Market Trading Movements

Wow!

I always enjoy the opportunity to chat with Michael Yorba when he invites me to be a guest on his Traders Network radio show– we discuss the upcoming prospects for stock market trading, and he does a really great job of asking questions that bring the planetary connections with market movements into an understandable perspective.

But during our time on the air together just before the closing bell on Wall Street yesterday, the conversation was not only lively– it took us into a lot of interrelated topics that ultimately provided a great overview of the big-picture situation in the markets today.

As Michael put it during the interview, “A lot of people are yawning at the markets now, but I’m not so sure that this is one of those yawning moments. It could be the start of something big.”

We touched on the impact of Mercury and Neptune on current conditions in stock market trading, on crude oil and precious metals, on the geopolitical troubles that have been brewing (and which have been described so incisively by our friend and colleague Jim Cummins in his articles for FinancialCyclesWeekly.com), on the prospects for increasing market volatility as we look at the VIX during the coming weeks, and a whole lot more.

In fact, we actually ran out of time during the interview, and Michael had to sign off with an unanswered question still dangling– about today’s potent combination of Friday the 13th and the Full Moon.

I’ll be putting up a new blog post on that subject within the next couple of hours, so be sure to check back then (or Subscribe To This Blog to get email notifications whenever a new post is added).

In the meantime, here’s the recording of yesterday’s interview on the Traders Network show:

click here to download or listen on your mobile device