Variety of merchants net-short has decreased by 15.88% from final week. SYMBOL
Variety of merchants net-short has decreased by 15.88% from final week.
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
France 40 |
BEARISH |
50.23% |
49.77% |
35.80%
62.11% |
-6.84%
-15.88% |
10.61%
10.93% |
France 40: Retail dealer information exhibits 50.23% of merchants are net-long with the ratio of merchants lengthy to brief at 1.01 to 1. Actually, merchants have remained net-long since Nov 04 when France 40 traded close to 4,887.10, value has moved 13.71% increased since then. The variety of merchants net-long is 35.80% increased than yesterday and 62.11% increased from final week, whereas the variety of merchants net-short is 6.84% decrease than yesterday and 15.88% decrease from final week.
We sometimes take a contrarian view to crowd sentiment, and the very fact merchants are net-long suggests France 40 costs might proceed to fall.
Our information exhibits merchants at the moment are net-long France 40 for the primary time since Nov 04, 2020 when France 40 traded close to 4,887.10. Merchants are additional net-long than yesterday and final week, and the mix of present sentiment and up to date modifications offers us a stronger France 40-bearish contrarian buying and selling bias.