Crude oil prices edged higher today (to $54.85 - Dec. contract chart) and are pushing against resistance in the $55 area. We are now just past the mid-point of a strong reversal zone for crude (it ends Thursday) so we could easily be seeing a cycle top here. Because we are late in this medium-term cycle, a correction now would likely be sharp and move down to the final cycle bottom. A good target for that bottom would be the $47 -$48 area so selling short now could give us a decent profit. The danger here is if prices break and close significantly above $55. If that happens, it could be a "break out" and might require us to relabel the cycle points. What we can do here is enter a short position with a tight stop loss, say on a close above $55.60. Let's go short in crude oil at tomorrow's market open with a stop loss on a close above $55.60.