Number of traders net-short has decreased by 1.85% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
FTSE 100 |
BULLISH |
48.11% |
51.89% |
-22.23%
-2.00% |
30.19%
-1.85% |
-1.69%
-1.92% |
FTSE 100: Retail trader data shows 48.11% of traders are net-long with the ratio of traders short to long at 1.08 to 1. In fact, traders have remained net-short since Nov 17 when FTSE 100 traded near 7,282.40, price has moved 0.20% higher since then. The number of traders net-long is 22.23% lower than yesterday and 2.00% lower from last week, while the number of traders net-short is 30.19% higher than yesterday and 1.85% lower 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.
Our data shows traders are now net-short FTSE 100 for the first time since Nov 17, 2021 09:00 GMT when FTSE 100 traded near 7,282.40. 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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