Number of traders net-short has increased by 18.57% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
BULLISH |
49.90% |
50.10% |
1.57%
-5.40% |
7.12%
18.57% |
4.28%
5.26% |
FTSE 100: Retail trader data shows 49.90% of traders are net-long with the ratio of traders short to long at 1.00 to 1. In fact, traders have remained net-short since Nov 25 when FTSE 100 traded near 6,392.60, price has moved 1.11% higher since then. The number of traders net-long is 1.57% higher than yesterday and 5.40% lower from last week, while the number of traders net-short is 7.12% higher than yesterday and 18.57% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests FTSE 100 prices may continue to rise.
Our data shows traders are now net-short FTSE 100 for the first time since Nov 25, 2020 10:00 GMT when FTSE 100 traded near 6,392.60. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger FTSE 100-bullish contrarian trading bias.
