Number of traders net-short has decreased by 49.33% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
BEARISH |
75.47% |
24.53% |
75.60%
80.86% |
-28.68%
-49.33% |
29.25%
10.94% |
Germany 30: Retail trader data shows 75.47% of traders are net-long with the ratio of traders long to short at 3.08 to 1. Our data shows traders are now at their most net-long Germany 30 since Mar 19 when Germany 30 traded near 8,568.70. The number of traders net-long is 75.60% higher than yesterday and 80.86% higher from last week, while the number of traders net-short is 28.68% lower than yesterday and 49.33% 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.
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.
