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Home Technical Analysis

Our data shows traders are now net-long Germany 30 for the first time since Jul 01, 2020 when Germany 30 traded near 12,297.60.

Forex Tips by Forex Tips
July 25, 2020
in Technical Analysis
0
Our data shows traders are now net-long Germany 30 for the first time since Jul 01, 2020 when Germany 30 traded near 12,297.60.
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Germany 30 Client Positioning

Number of traders net-short has decreased by 29.74% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


Germany 30

BEARISH

50.18%

49.82%

38.86%
Daily

62.09%
Weekly

-25.35%
Daily

-29.74%
Weekly

-2.79%
Daily

-1.83%
Weekly

Germany 30: Retail trader data shows 50.18% 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 Jul 01 when Germany 30 traded near 12,297.60, price has moved 5.07% higher since then. The number of traders net-long is 38.86% higher than yesterday and 62.09% higher from last week, while the number of traders net-short is 25.35% lower than yesterday and 29.74% 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 Jul 01, 2020 when Germany 30 traded near 12,297.60. 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.





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