Variety of merchants net-short has decreased by 49.33% from final week. SYMBOL
Variety of merchants net-short has decreased by 49.33% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
Germany 30 |
BEARISH |
75.47% |
24.53% |
75.60%
80.86% |
-28.68%
-49.33% |
29.25%
10.94% |
Germany 30: Retail dealer information reveals 75.47% of merchants are net-long with the ratio of merchants lengthy to quick at 3.08 to 1. Our information reveals merchants at the moment are at their most net-long Germany 30 since Mar 19 when Germany 30 traded close to 8,568.70. The variety of merchants net-long is 75.60% larger than yesterday and 80.86% larger from final week, whereas the variety of merchants net-short is 28.68% decrease than yesterday and 49.33% decrease from final week.
We usually take a contrarian view to crowd sentiment, and the actual fact merchants are net-long suggests Germany 30 costs could proceed to fall.
Merchants are additional net-long than yesterday and final week, and the mixture of present sentiment and up to date adjustments provides us a stronger Germany 30-bearish contrarian buying and selling bias.