Number of traders net-short has decreased by 19.91% from last week.
SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
BEARISH | 50.58% | 49.42% | 8.60% 36.54% | -6.72% -19.91% | 0.45% 1.26% |
France 40: Retail trader data shows 50.58% of traders are net-long with the ratio of traders long to short at 1.02 to 1. In fact, traders have remained net-long since Mar 15 when France 40 traded near 6,376.00, price has moved 3.14% higher since then. The number of traders net-long is 8.60% higher than yesterday and 36.54% higher from last week, while the number of traders net-short is 6.72% lower than yesterday and 19.91% 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 Mar 15, 2022 16:00 GMT when France 40 traded near 6,376.00. 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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