Number of traders net-short has decreased by 23.01% from last week.
SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
BEARISH | 50.49% | 49.51% | 45.32% 134.48% | -11.98% -23.01% | 9.90% 16.50% |
FTSE 100: Retail trader data shows 50.49% 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 May 20 when FTSE 100 traded near 7,396.30, price has moved 0.98% lower since then. The number of traders net-long is 45.32% higher than yesterday and 134.48% higher from last week, while the number of traders net-short is 11.98% lower than yesterday and 23.01% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests FTSE 100 prices may continue to fall.
Our data shows traders are now net-long FTSE 100 for the first time since May 20, 2022 when FTSE 100 traded near 7,396.30. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger FTSE 100-bearish contrarian trading bias.
Source. Invest now with as low as $500, Earn up to 3% ROI daily on GTI Trade.
