Oi prices could soon peak - CNBC's Cramer

Mad Money" host Jim Cramer weighs in on the oil prices with help from technician Carley Garner. 

Key quotes (Source: CNBC)

"Garner's worried that the same animal spirits luring speculators into high-flying stocks and even cryptocurrencies may have migrated to the oil market"

As of last week, large speculators were holding the single largest bullish position in the history of crude oil futures: ... 666,000 net long contracts," Cramer said. "Being bullish is not a good sign

"As Garner points out, when one of these massive speculative bets in oil unwinds, you do not want to get caught anywhere near the blast radius"

"She (Garner) thinks that the dollar has now slithered down to areas where it should be able to find a floor of support. If the greenback stops falling, well, that will remove a major prop underneath the oil rally."

The charts, and especially the huge net long position in the CFTC's Commitments of Traders report, make Garner worry that oil could be ready and prime for a pullback. My view - Proceed with Caution"