Tuesday, May 6, 2008

Oil above $120

Crude is again above $120 today and climbing. Finding a compelling
explanation for this is difficult, although I suspect it can be linked in some way to the approaching Jupiter station at 28 Sag on Friday near the 8th equal house cusp of the futures chart. This can't really explain one-day price movements, but it does illuminate a speculative (unearned = 8th house) and short term top.

One possible peak to watch out for will be on Friday when tr Mercury
opposes the natal Jupiter in the futures chart. By most parameters,
Mercury is pratyantardasha (subsubperiod) lord, so this Jupiter
influence ought to give a boost to prices.

After Friday's station by Jupiter, the separation of this Mercury aspect, and tr Mars aspect to the Moon-Saturn, prices should tumble significantly next week. $110 is possible.