Number of traders net-short has increased by 55.68% from last week.SYMBOLTRADING BIASNET-LONG%NET-SHORT%CHANGE IN LONGSCHANGE IN SHORTSCHANGE IN OIFr
Number of traders net-short has increased by 55.68% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| France 40 | BULLISH | 46.96% | 53.04% |
-12.26% Daily -22.56% Weekly |
28.30% Daily 55.68% Weekly |
5.42% Daily 5.59% Weekly |
France 40: Retail trader data shows 46.96% of traders are net-long with the ratio of traders short to long at 1.13 to 1. In fact, traders have remained net-short since Aug 30 when France 40 traded near 6,189.30, price has moved 0.51% higher since then. The number of traders net-long is 12.26% lower than yesterday and 22.56% lower from last week, while the number of traders net-short is 28.30% higher than yesterday and 55.68% 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 Aug 30, 2022 15:00 GMT when France 40 traded near 6,189.30. 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.
element inside the
element. This is probably not what you meant to do!Load your application’s JavaScript bundle inside the element instead.
www.dailyfx.com