Number of traders net-short has decreased by 26.35% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| France 40 | BEARISH | 50.42% | 49.58% |
30.02% Daily 73.47% Weekly |
-9.05% Daily -26.35% Weekly |
7.19% Daily 3.76% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | 30% | -9% | 7% |
| Weekly | 73% | -26% | 4% |
France 40: Retail trader data shows 50.42% of traders are net-long with the ratio of traders long to short at 1.02 to 1. In fact, traders have remained net-long since Aug 21 when France 40 traded near 7,221.40, price has moved 0.10% lower since then. The number of traders net-long is 30.02% higher than yesterday and 73.47% higher from last week, while the number of traders net-short is 9.05% lower than yesterday and 26.35% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests France 40 prices may continue to fall.
Our data shows traders are now net-long France 40 for the first time since Aug 21, 2023 when France 40 traded near 7,221.40. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger France 40-bearish contrarian trading bias.
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