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A few days ago I said oil prices would probably be locked into the $50-$60 trading range the next few months. After reviewing some insider trading activity, another push to the downside may be in the works. Insider Trades Diamond Offshore (DO) Chevron- Texaco (CVX) In addition to the above trades, Colin Twiggs from incrediblecharts.com weighs in with these observations about oil; "Crude oil prices have broken the downward trendline at $60, signaling that the trend is slowing. At present this remains a bear market rally -- unless there is a rise above $65."

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