Variety of merchants net-short has decreased by 0.83% from final week. SYMBOL
Variety of merchants net-short has decreased by 0.83% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
BEARISH |
50.52% |
49.48% |
24.85%
26.93% |
-12.21%
-0.83% |
3.28%
11.49% |
Germany 30: Retail dealer information reveals 50.52% of merchants are net-long with the ratio of merchants lengthy to quick at 1.02 to 1. In truth, merchants have remained net-long since Mar 25 when Germany 30 traded close to 9,806.60, value has moved 3.62% decrease since then. The variety of merchants net-long is 24.85% larger than yesterday and 26.93% larger from final week, whereas the variety of merchants net-short is 12.21% decrease than yesterday and 0.83% decrease from final week.
We sometimes take a contrarian view to crowd sentiment, and the actual fact merchants are net-long suggests Germany 30 costs could proceed to fall.
Our information reveals merchants are actually net-long Germany 30 for the primary time since Mar 25, 2020 15:00 GMT when Germany 30 traded close to 9,806.60. Merchants are additional net-long than yesterday and final week, and the mix of present sentiment and up to date modifications provides us a stronger Germany 30-bearish contrarian buying and selling bias.