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Home Technical Analysis

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.

Forex Tips by Forex Tips
December 12, 2020
in Technical Analysis
0
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.
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France 40 Client Positioning

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


France 40

BEARISH

50.23%

49.77%

35.80%
Daily

62.11%
Weekly

-6.84%
Daily

-15.88%
Weekly

10.61%
Daily

10.93%
Weekly

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.





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