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US Oil, Gold, DAX 40 Sentiment Updates

US Oil, Gold, DAX 40 Sentiment Updates

Nick Cawley, Senior Strategist

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US Crude Oil, Gold, DAX 40 Sentiment

US Crude Oil

US Crude Oil sentiment analysis reveals a predominantly bullish retail trader positioning, with 56.14% net-long. The long-to-short ratio stands at 1.28:1. Technical indicators suggest a potential bearish reversal, as increased long positions often precede price declines. Recent changes show a slight decrease in net-long positions day-over-day but an increase week-over-week. This mixed signal strengthens the bearish bias from a contrarian viewpoint.

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Gold

Gold sentiment analysis reveals a slight bullish bias in retail trader positioning, with 54.39% net-long. The long-to-short ratio stands at 1.19:1. Technical indicators suggest a potential bullish reversal, despite the overall net-long positioning. Recent changes show a significant decrease in net-long positions both day-over-day (-4.97%) and week-over-week (-18.36%), while net-short positions have increased substantially (7.48% daily, 27.08% weekly). This rapid shift in positioning strengthens the case for a possible upward price movement, contrary to the typical contrarian view.

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DAX 40

Retail trader data for Germany 40 shows a significant imbalance, with 29% of traders holding long positions and 71% holding short positions. This creates a short-to-long ratio of 2.45 to 1. Historically, such extreme positioning often precedes price movements in the opposite direction, suggesting a potential upside for Germany 40. The recent trend of increasing short positions and decreasing long positions further strengthens this contrarian bullish outlook.

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Germany 40 Bullish
Data provided by
of clients are net long. of clients are net short.
Change in Longs Shorts OI
Daily -23% 34% 11%
Weekly -1% 15% 10%
What does it mean for price action?
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What is your view on Oil, Gold, and the DAX 40 – bullish or bearish?? You can let us know via the form at the end of this piece or contact the author via Twitter @nickcawley1.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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