Number of traders net-short has decreased by 27.77% from last week.SYMBOLTRADING BIASNET-LONG%NET-SHORT%CHANGE IN LONGSCHANGE IN SHORTSCHANGE IN OIFr
Number of traders net-short has decreased by 27.77% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| France 40 | BEARISH | 50.34% | 49.66% |
51.01% Daily 58.08% Weekly |
-26.49% Daily -27.77% Weekly |
-0.89% Daily -0.59% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | 59% | -36% | -1% |
| Weekly | 93% | -37% | 4% |
France 40: Retail trader data shows 50.34% of traders are net-long with the ratio of traders long to short at 1.01 to 1. In fact, traders have remained net-long since Jun 26 when France 40 traded near 7,198.30, price has moved 0.89% lower since then. The number of traders net-long is 51.01% higher than yesterday and 58.08% higher from last week, while the number of traders net-short is 26.49% lower than yesterday and 27.77% 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 Jun 26, 2023 when France 40 traded near 7,198.30. 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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