France 40 IG Client Sentiment: Our data shows traders are now net-short France 40 for the first time since Oct 06, 2022 12:00 GMT when France 40 traded near 5,908.00.
Number of traders net-short has increased by 8.78% from last week.
|SYMBOL||TRADING BIAS||NET-LONG%||NET-SHORT%||CHANGE IN LONGS||CHANGE IN SHORTS||CHANGE IN OI|
France 40: Retail trader data shows 49.86% of traders are net-long with the ratio of traders short to long at 1.01 to 1. In fact, traders have remained net-short since Oct 06 when France 40 traded near 5,908.00, price has moved 0.84% higher since then. The number of traders net-long is 25.87% lower than yesterday and 10.17% lower from last week, while the number of traders net-short is 33.92% higher than yesterday and 8.78% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests France 40 prices may continue to rise.
Our data shows traders are now net-short France 40 for the first time since Oct 06, 2022 12:00 GMT when France 40 traded near 5,908.00. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger France 40-bullish contrarian trading bias.
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