Oil is up again today -- over $6 right now, to $134.
I can't help but think this is part of the rally I forecast last week that would result from the Tr Sun and Venus approaching the Asc of the futures chart. Of course, one unknown was exactly where the ascendant of the Oil futures chart was. The 9.00 am chart has an ascendant of 22 Taurus, which is exactly where Sun and Venus are today. This massive rally yesterday and today would appear to be good confirmation of the this chart.
If we take the 9.20 chart (Asc 27 Taurus), then we could assume that this rally still has a ways to go through next week as the Sun and Venus will continue to apply to the ascendant until Jun 11-12.
If the 9.00 chart is correct, then we might see a pullback early next week. If the 9.20 chart is correct, then the pullback may occur late next week or the week after. Either way, I don't think this rally will last too much longer.
