FTSE 100 IG Client Sentiment: Our data shows traders are now net-short FTSE 100 for the first time since May 10, 2021 when FTSE 100 traded near 7,090.70.
Number of traders net-short has increased by 61.74% from last week.
CHANGE IN LONGS
CHANGE IN SHORTS
CHANGE IN OI
FTSE 100: Retail trader data shows 49.37% of traders are net-long with the ratio of traders short to long at 1.03 to 1. In fact, traders have remained net-short since May 10 when FTSE 100 traded near 7,090.70, price has moved 0.54% higher since then. The number of traders net-long is 14.13% lower than yesterday and 29.40% lower from last week, while the number of traders net-short is 28.67% higher than yesterday and 61.74% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests FTSE 100 prices may continue to rise.
Our data shows traders are now net-short FTSE 100 for the first time since May 10, 2021 when FTSE 100 traded near 7,090.70. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger FTSE 100-bullish contrarian trading bias.
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