Variety of merchants net-short has elevated by 42.03% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
FTSE 100 |
BULLISH |
49.29% |
50.71% |
-30.17%
-26.34% |
77.48%
42.03% |
0.85%
-2.55% |
FTSE 100: Retail dealer information reveals 49.29% of merchants are net-long with the ratio of merchants brief to lengthy at 1.03 to 1. The truth is, merchants have remained net-short since Dec 21 when FTSE 100 traded close to 6,418.10, worth has moved 3.44% larger since then. The variety of merchants net-long is 30.17% decrease than yesterday and 26.34% decrease from final week, whereas the variety of merchants net-short is 77.48% larger than yesterday and 42.03% larger from final week.
We usually take a contrarian view to crowd sentiment, and the very fact merchants are net-short suggests FTSE 100 costs might proceed to rise.
Our information reveals merchants at the moment are net-short FTSE 100 for the primary time since Dec 21, 2020 when FTSE 100 traded close to 6,418.10. Merchants are additional net-short than yesterday and final week, and the mixture of present sentiment and up to date modifications provides us a stronger FTSE 100-bullish contrarian buying and selling bias.