Number of traders net-short has increased by 50.89% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| Germany 40 | BULLISH | 48.13% | 51.87% |
-13.39% Daily -16.40% Weekly |
20.10% Daily 50.89% Weekly |
1.26% Daily 8.76% Weekly |
Germany 40: Retail trader data shows 48.13% 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 Aug 30 when Germany 40 traded near 12,931.20, price has moved 0.91% higher since then. The number of traders net-long is 13.39% lower than yesterday and 16.40% lower from last week, while the number of traders net-short is 20.10% higher than yesterday and 50.89% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests Germany 40 prices may continue to rise.
Our data shows traders are now net-short Germany 40 for the first time since Aug 30, 2022 15:00 GMT when Germany 40 traded near 12,931.20. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Germany 40-bullish contrarian trading bias.
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