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 | BULLISH | 10.40% | 89.60% | -41.56% Daily -48.55% Weekly | 13.98% Daily 30.55% Weekly | 3.72% Daily 12.56% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | -23% | 10% | 1% |
| Weekly | -10% | 5% | 1% |
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.
