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France 40 IG Client Sentiment: Our data shows traders are now net-long France 40 for the first time since Oct 03, 2019 when France 40 traded near 5,464.40.

France 40 IG Client Sentiment: Our data shows traders are now net-long France 40 for the first time since Oct 03, 2019 when France 40 traded near 5,464.40.

2020-02-24 15:23:00
Research, Research Team
Share:
France 40 Client Positioning

Number of traders net-short has decreased by 43.63% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

France 40

BEARISH

52.65%

47.35%

138.73% Daily

121.36% Weekly

-30.48% Daily

-43.63% Weekly

10.91% Daily

-7.22% Weekly

France 40: Retail trader data shows 52.65% of traders are net-long with the ratio of traders long to short at 1.11 to 1. In fact, traders have remained net-long since Oct 03 when France 40 traded near 5,464.40, price has moved 5.81% higher since then. The number of traders net-long is 138.73% higher than yesterday and 121.36% higher from last week, while the number of traders net-short is 30.48% lower than yesterday and 43.63% 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 Oct 03, 2019 when France 40 traded near 5,464.40. 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.

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