The New Global Oil Market Order and How to Trade It the New
£22.45
3 in stock
Oil is a crucial determinant of every country’s financial and economic future. Because of this, it also plays a vital role in shaping the domestic and international politics of the world’s major oil producing and consuming countries. And because the stakes are so high, the key participants in the global oil market will do anything to gain an advantage in it.
For those trading the global oil market, it presents an opportunity like no other. Since 1973, there have been three oil price wars, and two in just the past ten years. All were clearly signalled in advance if the trader knew what to look out for and in all of them oil prices remained in one clear overall trend for long periods of time. This enabled traders to make huge profits with little risk being taken. And there will be many more such wars. Aside from these long-running trading opportunities, there are always multiple other similar opportunities in play over shorter periods. These are also clearly signalled in advance if the trader knows what to look out for.
Precisely what the trader should look out for has changed dramatically over the past three years, most notably with the onset of the COVID-19 pandemic, Russia’s invasion of Ukraine, and the way in which the world’s leading oil market players have shifted their geopolitical alignments over that period.
This book thoroughly examines how each of these events changed the way the global oil market worked during those periods and how they have now all combined to make the New Global Oil Market Order. This examination has been done within the context as well of what went before – from the 1973 Oil Crisis, through the two other Oil Price Wars, the creation and destruction of the Iran nuclear deal, the US’s withdrawal from the Middle East and the rise of China and Russia to fill the void, and the emergence of a re-energised US and Europe to counter this advance, among other corollary subjects.
This book also analyses in depth how traders – especially retail ones – can best maximise their profits whilst minimising their risks over time. This is done through in-depth coverage of technical analysis trading techniques, risk and reward management systems, trading and hedging strategies and tactics, risk-on and risk-off trading models, correlations between different assets, and economic and oil sector cycles. Over 180 charts provide additional support to the material covered in this book.
Reviews of Previous Books by Simon Watkins
‘This book is an incredible journey into the heart of trading on the oil markets, one that for those who heed it wisely, could potentially lead to a lot of money being earned in oil market trades. Highly recommended.’
‘The Edge’ finance and business magazine
‘All Watkins’ books are uniformly excellent. I have learnt a tremendous amount from them, despite already having been in the business for several years.’
Gerard de Condappa, Head – Asia Pacific at REFCO Trading Services
‘Watkins’ impressive work cuts through market exaggerations designed to shift sentiment one way or another, and makes readers work towards developing their convictions while being cautious of manipulations, e.g. casual dropping of price rallies that lack legs, black swan events that are anything but, and risk premiums that barely last a trading week instead of having a tangible price supporting impact.’
Gaurav Sharma, The Oilholic
‘This is the best book I have read on trading the markets, as it deals with all trading scenarios, allowing for making money whether markets are going up or down and even making money when they’re stuck in sideways action. It offers great trading insights that I haven’t seen before in any book.’
Sam Barden, SBI Markets
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