France 40 IG Client Sentiment: Our data shows traders are now net-long France 40 for the first time since Oct 24, 2022 when France 40 traded near 6,157.20.
Number of traders net-short has decreased by 48.18% 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 51.12% of traders are net-long with the ratio of traders long to short at 1.05 to 1. In fact, traders have remained net-long since Oct 24 when France 40 traded near 6,157.20, price has moved 11.83% higher since then. The number of traders net-long is 59.91% higher than yesterday and 178.86% higher from last week, while the number of traders net-short is 19.01% lower than yesterday and 48.18% 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 24, 2022 when France 40 traded near 6,157.20. 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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