Variety of merchants net-short has decreased by 24.57% from final week. SYMBOL
Variety of merchants net-short has decreased by 24.57% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
Gold |
BEARISH |
88.53% |
11.47% |
8.35%
26.72% |
-3.36%
-24.57% |
6.87%
17.55% |
Gold: Retail dealer information reveals 88.53% of merchants are net-long with the ratio of merchants lengthy to quick at 7.72 to 1. Our information reveals merchants at the moment are at their most net-long Gold since Nov 10 when Gold traded close to 1,876.36. The variety of merchants net-long is 8.35% increased than yesterday and 26.72% increased from final week, whereas the variety of merchants net-short is 3.36% decrease than yesterday and 24.57% decrease from final week.
We usually take a contrarian view to crowd sentiment, and the very fact merchants are net-long suggests Gold costs could proceed to fall.
Merchants are additional net-long than yesterday and final week, and the mix of present sentiment and up to date modifications provides us a stronger Gold-bearish contrarian buying and selling bias.