Variety of merchants net-short has elevated by 2.05% from final week. SYMBOL
Variety of merchants net-short has elevated by 2.05% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
FTSE 100 |
BEARISH |
50.26% |
49.74% |
22.19%
15.38% |
-3.28%
2.05% |
8.04%
8.34% |
FTSE 100: Retail dealer information reveals 50.26% of merchants are net-long with the ratio of merchants lengthy to brief at 1.01 to 1. In truth, merchants have remained net-long since Nov 10 when FTSE 100 traded close to 6,275.20, worth has moved 1.16% increased since then. The variety of merchants net-long is 22.19% increased than yesterday and 15.38% increased from final week, whereas the variety of merchants net-short is 3.28% decrease than yesterday and a pair of.05% increased from final week.
We usually take a contrarian view to crowd sentiment, and the very fact merchants are net-long suggests FTSE 100 costs could proceed to fall.
Our information reveals merchants at the moment are net-long FTSE 100 for the primary time since Nov 10, 2020 09:00 GMT when FTSE 100 traded close to 6,275.20. Merchants are additional net-long than yesterday and final week, and the mixture of present sentiment and up to date modifications provides us a stronger FTSE 100-bearish contrarian buying and selling bias.