Oil: CCI system reads daily and weekly scaleCrude Oil FuturesNYMEX_DL:CL1!magnatizerDaily is back to the magnetic uptrend for a test. Has a cross next Tuesday which I anticipate will be, at a minimum, a short term top. Weekly is threatening a wiggle which would take it back to hot category on the bulls favor. That would limit how much I would put into a short (options) position on oil. If it does fail to stay hot into the end of today I'll be more aggressive early next week in the positioning.