Germany 30 IG Client Sentiment: Our data shows traders are now net-short Germany 30 for the first time since Sep 28, 2021 when Germany 30 traded near 15,285.20.
Number of traders net-short has increased by 27.73% from last week.
CHANGE IN LONGS
CHANGE IN SHORTS
CHANGE IN OI
Germany 30: Retail trader data shows 47.47% of traders are net-long with the ratio of traders short to long at 1.11 to 1. In fact, traders have remained net-short since Sep 28 when Germany 30 traded near 15,285.20, price has moved 1.10% higher since then. The number of traders net-long is 15.79% lower than yesterday and 17.87% lower from last week, while the number of traders net-short is 6.42% higher than yesterday and 27.73% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests Germany 30 prices may continue to rise.
Our data shows traders are now net-short Germany 30 for the first time since Sep 28, 2021 when Germany 30 traded near 15,285.20. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Germany 30-bullish contrarian trading bias.
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