Number of traders net-short has increased by 72.19% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| France 40 | BULLISH | 15.18% | 84.82% |
-34.29% Daily -58.09% Weekly |
34.03% Daily 72.19% Weekly |
15.76% Daily 16.99% Weekly |
France 40: Retail trader data shows 15.18% of traders are net-long with the ratio of traders short to long at 5.59 to 1. Our data shows traders are now at their least net-long France 40 since Jan 03 when France 40 traded near 7,235.20. The number of traders net-long is 34.29% lower than yesterday and 58.09% lower from last week, while the number of traders net-short is 34.03% higher than yesterday and 72.19% 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.
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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