GOLD/CRUDE OIL RATIO A BIT TOPPY?

The GOLD/CRUDE OIL ratio is looking somewhat extended in the short term and may need to drop back...after all it has risen by almost 20 per cent over the past two months. The daily chart above shows that the ratio would need to drop through 19.40 to violate its uptrend and if it takes out 18.85 it should go lower still...on the other hand if instead it should beat 20.18 it could keep rising. The ratio is somewaht overbought short term being at 99.7 ...the forecast is for a high November 9 and then a decline until January 10. Just a point of interest...right now gold buys 19.65 barrels of oil and the 10 year average is a llittle above 12 barrels.
I decided to look at this ratio because on the Global Seven model www.investrac.com/global-seven GOLD is +1 and OIL is 0 (the two weakest) and one or other is probably going to stage a short term rally before too long.