Chart of the Day - Thursday, June 9th, 2022

By Patrick Dunuwila

June 9, 2022
Patrick Dunuwila headshot

Today’s Chart of the Day was shared by Liz Ann Sonders (@LizAnnSonders). It's a chart of Crude Oil over the past five decades, along with a 12-month % change indicator (orange). Crude Oil is up about 70% over the past year. Liz Ann points out that Oil price spikes of this magnitude are often associated with recessions. Will this time be different?

Filed Under:
Patrick Dunuwila headshot

Patrick Dunuwila

Editor, The Chart Report

Patrick Dunuwila is the Co-Founder and Editor of The Chart Report, a popular technical analysis newsletter read by thousands of investors worldwide every day. Patrick is a Chartered Market Technician (CMT) with over a decade of market experience. Prior to launching The Chart Report, he worked as a proprietary trader at Benchmarq Technologies in New York City. He's originally from Syracuse, NY, and currently resides in San Diego, CA.

pdunuwila