Crude oil is behaving like a celebrity and has been in the media everyday since a fortnight as it touches newer all time highs almost daily. Everyone, from the common man to the Heads of State of all countries, is worried.
How will this basic commodity behave is the perennial question in the mind of one and all . Goldman Sachs has predicted 149 USD per barrel for this product and may go high say other technical analysts for this product. Ganesha looks at the stars and their motions as per Vedic Indian astrology and analyzes the phenomenon of the rising crude oil prices and he says:
Crude oil, a product from beneath the surface of Earth, is considered to be ruled by Shani (Saturn).
Any hard aspect (Square, in conjunct, opposition) to Saturn by any natural malefic planet usually tends to increase the prices of crude oil. Any soft aspect (trine, sextile) to Saturn by a naturally beneficial planet usually tends to decrease the prices of crude oil.
Let us have a look at the planetary positions as on June 09, 2008 at 18:32 hours
Taurus – Sun, Mercury (Combust & Retrograde), Venus (Combust) Gemini
Cancer – Mars, Ketu Leo – Saturn, Moon Virgo
Sagittarius – Jupiter (Retrograde) Capricorn – Rahu
As per D9 (Navamsa) the position of the planets is as follows
Aries – Taurus –
Gemini – Saturn, Cancer – Mercury Leo – Venus, Sun Virgo – Rahu
Sagittarius – Jupiter
Capricorn – Mars
Pisces – Ketu
As per the D9 chart, Mars made an opposition with Saturn till June 04, 2008 which is an indicator of a bullish trend on crude oil. However, as Jupiter also made an opposition to Saturn, it put a check on the mischief of Mars the moment Mars left Gemini D9 and entered Cancer in D9, it showed its metal as it formed an inconjunct aspect with Saturn.
The above was an astrological reasoning for what happened.
Well, Mars will enter Aquarius D9 on June 10, 2008, forming a trine aspect with Saturn while Jupiter still will be trine with Saturn and sextile with Mars. This indicates that the crude oil prices may reduce, even if not considerably. Ganesha feels that from 10th June the crude oil prices may cool down and come under check.
One may find a depressive market of crude oil on June 11, 2008 too.
On the 12th Jupiter enters Scorpio in D9 . This will heat up crude oil rates again till Saturn enters Cancer in D9 on June 25, 2008. From then on we can expect the crude oil markets to cool down.
Conclusively Ganesha feels that the crude oil markets in the very near term are going to heat up and may not lose steam, though a considerable hike in prices is not on the anvil.
The GaneshaSpeaks Team
11 Jun 2008