Number of traders net-short has decreased by 32.65% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
BEARISH |
58.22% |
41.78% |
33.10%
67.04% |
-27.71%
-32.65% |
-1.51%
3.21% |
Germany 30: Retail trader data shows 58.22% of traders are net-long with the ratio of traders long to short at 1.39 to 1. In fact, traders have remained net-long since Oct 05 when Germany 30 traded near 12,883.50, price has moved 1.96% lower since then. The number of traders net-long is 33.10% higher than yesterday and 67.04% higher from last week, while the number of traders net-short is 27.71% lower than yesterday and 32.65% 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 Oct 05, 2020 12:00 GMT when Germany 30 traded near 12,883.50. 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.
