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 |
|
BEARISH |
50.18% |
49.82% |
38.86%
62.09% |
-25.35%
-29.74% |
-2.79%
-1.83% |
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.
