Number of traders net-short has decreased by 7.06% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
BEARISH |
50.81% |
49.19% |
14.95%
12.29% |
-16.47%
-7.06% |
-3.00%
1.86% |
Germany 30: Retail trader data shows 50.81% of traders are net-long with the ratio of traders long to short at 1.03 to 1. In fact, traders have remained net-long since Aug 14 when Germany 30 traded near 12,854.80, price has moved 1.10% lower since then. The number of traders net-long is 14.95% higher than yesterday and 12.29% higher from last week, while the number of traders net-short is 16.47% lower than yesterday and 7.06% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Germany 30 prices may continue to fall.
Our data shows traders are now net-long Germany 30 for the first time since Aug 14, 2020 13:00 GMT when Germany 30 traded near 12,854.80. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Germany 30-bearish contrarian trading bias.
