Our knowledge reveals merchants at the moment are net-long France 40 for the primary time since Jul 21, 2021 when France 40 traded close to 6,484.00.

Variety of merchants net-short has decreased by 45.73% from final week.

France 40: Retail dealer knowledge reveals 52.81% of merchants are net-long with the ratio of merchants lengthy to quick at 1.12 to 1. The truth is, merchants have remained net-long since Jul 21 when France 40 traded close to 6,484.00, value has moved 1.87% increased since then. The variety of merchants net-long is 68.58% increased than yesterday and 91.50% increased from final week, whereas the variety of merchants net-short is 39.24% decrease than yesterday and 45.73% 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 could proceed to fall.

Our knowledge reveals merchants at the moment are net-long France 40 for the primary time since Jul 21, 2021 when France 40 traded close to 6,484.00. 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.