Number of traders net-short has increased by 17.39% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| FTSE 100 | BULLISH | 15.15% | 84.85% |
-21.84% Daily -22.90% Weekly |
36.58% Daily 17.39% Weekly |
22.69% Daily 8.78% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | -25% | 41% | 26% |
| Weekly | -27% | 27% | 15% |
FTSE 100: Retail trader data shows 15.15% of traders are net-long with the ratio of traders short to long at 5.60 to 1. Our data shows traders are now at their least net-long FTSE 100 since Apr 12 when FTSE 100 traded near 7,927.50. The number of traders net-long is 21.84% lower than yesterday and 22.90% lower from last week, while the number of traders net-short is 36.58% higher than yesterday and 17.39% 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.
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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