Number of traders net-short has decreased by 15.88% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
BEARISH |
50.23% |
49.77% |
35.80%
62.11% |
-6.84%
-15.88% |
10.61%
10.93% |
France 40: Retail trader data shows 50.23% of traders are net-long with the ratio of traders long to short at 1.01 to 1. In fact, traders have remained net-long since Nov 04 when France 40 traded near 4,887.10, price has moved 13.71% higher since then. The number of traders net-long is 35.80% higher than yesterday and 62.11% higher from last week, while the number of traders net-short is 6.84% lower than yesterday and 15.88% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests France 40 prices may continue to fall.
Our data shows traders are now net-long France 40 for the first time since Nov 04, 2020 when France 40 traded near 4,887.10. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger France 40-bearish contrarian trading bias.
