Number of traders net-short has decreased by 11.14% from last week.
SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
BEARISH | 50.77% | 49.23% | 27.27% Daily 32.93% Weekly | -20.35% Daily -11.14% Weekly | -1.67% Daily 6.84% Weekly |
France 40: Retail trader data shows 50.77% of traders are net-long with the ratio of traders long to short at 1.03 to 1. In fact, traders have remained net-long since Dec 22 when France 40 traded near 5,477.70, price has moved 2.50% higher since then. The number of traders net-long is 27.27% higher than yesterday and 32.93% higher from last week, while the number of traders net-short is 20.35% lower than yesterday and 11.14% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests France 40 prices may continue to fall.
Our data shows traders are now net-long France 40 for the first time since Dec 22, 2020 when France 40 traded near 5,477.70. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger France 40-bearish contrarian trading bias.
