FTSE 100 IG Client Sentiment: Our data shows traders are now net-short FTSE 100 for the first time since Mar 13, 2023 when FTSE 100 traded near 7,543.90.
Number of traders net-short has increased by 20.23% from last week.
|SYMBOL||TRADING BIAS||NET-LONG%||NET-SHORT%||CHANGE IN LONGS||CHANGE IN SHORTS||CHANGE IN OI|
FTSE 100: Retail trader data shows 49.41% of traders are net-long with the ratio of traders short to long at 1.02 to 1. In fact, traders have remained net-short since Mar 13 when FTSE 100 traded near 7,543.90, price has moved 1.01% higher since then. The number of traders net-long is 13.36% lower than yesterday and 16.40% lower from last week, while the number of traders net-short is 15.27% higher than yesterday and 20.23% 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 Mar 13, 2023 when FTSE 100 traded near 7,543.90. 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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