Number of traders net-short has decreased by 23.01% from last week.
CHANGE IN LONGS
CHANGE IN SHORTS
CHANGE IN OI
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.
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