🛢 JUPITER AND URANUS IN CRUDE CYCLES
post from May 2024 with update
🪐 In astrology, Jupiter (♃) symbolizes crude. Uranus (♅) represents sharp and unexpected changes. The conjunction (☌) of Jupiter and Uranus (aspect ♃☌♅) is a rare astrological event that offers some insight into the near-term price dynamics of crude.
☝️ The first dates in the list mark the aspect and turning point. These are shown in blue on the timeline and highlighted on the charts. The second dates indicate the consequences. Crude prices are listed for scale. Allowance of +/- one month.
1️⃣ April 1969 ($28.8) – July 1973 ($25.1), top of the last 4-year bear cycle before the historic surge to $75.
2️⃣ July 1983 ($100) – March 1986 ($29.9), top of the last 4-year bear cycle before the 1986 bottom and prolonged low prices (start of USSR collapse).
3️⃣ December 1996 ($51) – November 1998 ($21.36), top of the 4-year cycle before the 1998 bottom (Russia crisis).
4️⃣ August 2010 ($102.9) – April 2011 ($158.3), base of the first phase of the 4-year cycle before its peak in April 2011.
5️⃣ April 2024 ($81.93) – ???
⚠️ The most recent Jupiter–Uranus conjunction occurred in April 2024. The current 4-year crude cycle began in 2020, peaked in March 2022, and is now nearing its end.
☝️ It is likely that the next bottom of the long 4-year cycle will form soon, in combination with a new base cycle, followed by a rally. The start of any new cycle, even a bearish one, is usually bullish. Cycle overlap gives an extra boost. Tentative window: late May – July.
UPDATE:
⚠️ Probability of a new sideways or bearish 4-year cycle.
👉 The Jupiter–Uranus conjunction of April 2024, in three prior instances (1969, 1983, 1996), led to an immediate price correction and a 2–3 year bear market. In the latest instance (2010), it resulted in a sideways market (triangle, see chart) for 3 years, followed by the 2014 crude collapse.
👉 The base cycle I discussed in May 2024 ended on schedule in June 2024. It was followed by two bearish sub-cycles. Currently, crude is in week 8 of a new base cycle, moving within a tight bearish channel. So far, the pattern resembles the 2010–2014 scenario.
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