Oil prices climb to 4-month high on expected hit to China and India’s Russian supplies

Oil prices climbed about 2% to a four-month high on expectations that wider U.S. sanctions on Russian oil would force buyers in India and China to seek other suppliers. That put Brent on track for its highest close since August 26 and WTI on track for its highest close since August 12.

The last session saw the Oil gain 0.6% against the Dollar. According to the Stochastic-RSI, we are in an overbought market.
Support: 75.229 | Resistance: 79.399