Germany 40 IG Client Sentiment: Our data shows traders are now at their least net-long Germany 40 since May 07 when Germany 40 traded near 15,989.80.
Number of traders net-short has increased by 30.55% from last week.
|SYMBOL||TRADING BIAS||NET-LONG%||NET-SHORT%||CHANGE IN LONGS||CHANGE IN SHORTS||CHANGE IN OI|
Germany 40: Retail trader data shows 10.40% of traders are net-long with the ratio of traders short to long at 8.61 to 1. Our data shows traders are now at their least net-long Germany 40 since May 07 when Germany 40 traded near 15,989.80. The number of traders net-long is 41.56% lower than yesterday and 48.55% lower from last week, while the number of traders net-short is 13.98% higher than yesterday and 30.55% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests Germany 40 prices may continue to rise.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Germany 40-bullish contrarian trading bias.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.