May Oats Futures and Heliocentric Mercury / Saturn

oatsThe May Oats futures contract seems to have delivered a classic W type pattern as the embedded chart shows. If this pattern is valid, the strategy from here will involve taking advantage of a down move in Oats. The risk on a trade will be that the price of Oats rises and invalidates the W pattern. From current levels at $3.96, risk would be $4.06. The embedded chart also shows the heliocentric aspects of Mercury and Saturn. The Mercury-Saturn heliocentric aspects are often mentioned in old financial astrology books as being a feature to watch for grain traders.

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