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.
Oct 15, 2008
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