Oil jumps above $79 a barrel

OSX to XAL ratio has once again entered the lower band of the 1999 trading channel. Unless the trading pattern is decisively broken to the downside, an indication a fundamental change, either supply/demand, currency-related, or combination of the two, the lower band of the trading channel has consistently marked inflection points in the oil market since 1999. This intermarket relationship warrants some attention going forward.

OSX to XAL Ratio:

Anticipation is much harder than reaction as it requires patience and discipline.

Source: http://finance.yahoo.com/news/Oil-jumps-above-79-a-apf-2129866930.html?x=0