The index of oil is up, presenting a buying opportunity for October micro crude oil futures. Prices are in a choppy uptrend, with bulls having the near-term advantage. The U.S. and global economies are healthy, indicating solid demand growth for energy, including crude oil.

If October crude oil futures move above $65.00, it would provide a buying opportunity with an upside price objective of $72.00. Technical support is at $62.00. It is important to note that trading commodity futures is volatile, complex, and risky. Consider your financial situation and risk tolerance before investing.

Jim Wyckoff does not have any positions in the securities mentioned. The information provided is for informational purposes only. For potential trading opportunities, it is essential to understand the risks involved and make informed decisions. Visit Barchart.com for the original article.

Read more at Yahoo Finance: Crude Oil Prices Could Tick Up on Consumer Resilience. Here Are the Levels to Watch Before You Buy.