Deg Graph
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Deg Graph
Oh, October Oil
Oh, October Oil
Almost two months ago I wrote the day to watch for a change in trend will be Sept 30.
Well, this change occurred today, 1 October, after the oil reached a bottom of 90$ on the 16th of September, 67 days ( on July 11) after reaching a top, when transiting Pluto bumped into Neptune, ect. See the maps in that article
Look at the support line from 2007, it was reached, all right, but the RSI is weakening from May 2007! Showing that the downtrend is not yet over. So all those who are long on the oil should be very careful, it might be a trap.
What a rally ! in 4 days more than 40 % !
Below is the graph of the Oil future for November, with the resistance line at $60
Since July 11 the oil is dropping. A low was reached on Sept 16 of 90 $ , went up to $110 till Sept 22, and since then it is falling again.
As per Fibonnaci correction it should reach $60 -$61, which is a 50% correction only, and it is also a resistance line as per the graph.
Let's check the sky, what caused the drop since July 11?
As per my article from Aug 4, tr.Pluto was conjunct Natal Neptune, tr Mercury trine Natal Moon, tr. Venus 150 deg to Natal Neptune. These angles stopped the rally in July 11, Mars made no aspects on this day to push the price higher.
Sept 16 was a new moon, tr. Jupiter trine Natal Venus, tr. Saturn trine natal Venus, and we saw for a few days a correction from 90 to 110 dollars.
But on Sept 22 tr.Mars is conjunct and getting closer to Natal Pluto, Mercury turns retro till mid Oct., the trine between Saturn-Venus is weakening, Jupiter is now squaring Natal Mercury, and tr. Pluto is again on N.Neptune. All these angles " help" the fall we are seeing now.
It would be interesting to check the arab markets, which were not effected as deeply as the rest of the world. But I do not have graphs, so sorry….
The next few days: Neptune will be in the grip of Pluto, at least till beginning of December. Mars makes evel angles to natal Sun, Mercury, Mars, Venus. Only by Nov 25th will start a trine to natal Sun and conjunct natal Jupiter. This conjunction occurred before in December 2006, and the oil dropped $14….transiting Jupiter will not make any angles to the natal chart, it will be very interesting to see what happens…
Watch your steps and stops on the following dates for a change in trend : Oct 28, Nov.7, Nov 22, Dec 3, Jan 9.
in order to see graphs and maps pls.go to my webpage: http://www.astroworld.co.il/default.asp?iId=KIKDF
Oct 15, 2008
Any decisions in financial markets are solely the responsibility of the reader, and neither the author nor the publishers assume
any responsibility at all for those individual decisions.
About the Author
financial astrology, mundane astrology, and numerology
Sector Angle and Arc Length Pt1: Trigonometry