Our information exhibits merchants are actually net-long France 40 for the primary time since Feb 04, 2021 when France 40 traded close to 5,615.50.

Variety of merchants net-short has decreased by 15.07% from final week.

France 40: Retail dealer information exhibits 50.35% of merchants are net-long with the ratio of merchants lengthy to brief at 1.01 to 1. In truth, merchants have remained net-long since Feb 04 when France 40 traded close to 5,615.50, worth has moved 13.98% larger since then. The variety of merchants net-long is 23.08% larger than yesterday and 28.51% larger from final week, whereas the variety of merchants net-short is 10.50% decrease than yesterday and 15.07% decrease from final week.

We usually take a contrarian view to crowd sentiment, and the actual fact merchants are net-long suggests France 40 costs could proceed to fall.

Our information exhibits merchants are actually net-long France 40 for the primary time since Feb 04, 2021 when France 40 traded close to 5,615.50. Merchants are additional net-long than yesterday and final week, and the mixture of present sentiment and up to date adjustments offers us a stronger France 40-bearish contrarian buying and selling bias.