Variety of merchants net-short has elevated by 50.83% from final week. SYMBOL
Variety of merchants net-short has elevated by 50.83% from final week.
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
France 40 |
BULLISH |
48.40% |
51.60% |
0.59%
-19.00% |
62.28%
50.83% |
25.13%
6.42% |
France 40: Retail dealer information reveals 48.40% of merchants are net-long with the ratio of merchants brief to lengthy at 1.07 to 1. In reality, merchants have remained net-short since Jul 22 when France 40 traded close to 5,047.30, value has moved 2.66% decrease since then. The variety of merchants net-long is 0.59% increased than yesterday and 19.00% decrease from final week, whereas the variety of merchants net-short is 62.28% increased than yesterday and 50.83% increased from final week.
We usually take a contrarian view to crowd sentiment, and the actual fact merchants are net-short suggests France 40 costs might proceed to rise.
Our information reveals merchants are actually net-short France 40 for the primary time since Jul 22, 2020 when France 40 traded close to 5,047.30. Merchants are additional net-short than yesterday and final week, and the mix of present sentiment and up to date modifications provides us a stronger France 40-bullish contrarian buying and selling bias.