Number of traders net-short has decreased by 2.70% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| France 40 | BULLISH | 48.79% | 51.21% |
-12.94% Daily -6.28% Weekly |
47.84% Daily -2.70% Weekly |
10.27% Daily -4.48% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | -14% | 43% | 8% |
| Weekly | -11% | 1% | -5% |
France 40: Retail trader data shows 48.79% of traders are net-long with the ratio of traders short to long at 1.05 to 1. In fact, traders have remained net-short since Jul 15 when France 40 traded near 7,628.70, price has moved 0.03% higher since then. The number of traders net-long is 12.94% lower than yesterday and 6.28% lower from last week, while the number of traders net-short is 47.84% higher than yesterday and 2.70% lower 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 Jul 15, 2024 15:00 GMT when France 40 traded near 7,628.70. 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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