Our knowledge reveals merchants at the moment are net-short FTSE 100 for the primary time since Could 10, 2021 when FTSE 100 traded close to 7,090.70.

Variety of merchants net-short has elevated by 61.74% from final week.

FTSE 100: Retail dealer knowledge reveals 49.37% of merchants are net-long with the ratio of merchants brief to lengthy at 1.03 to 1. In reality, merchants have remained net-short since Could 10 when FTSE 100 traded close to 7,090.70, value has moved 0.54% greater since then. The variety of merchants net-long is 14.13% decrease than yesterday and 29.40% decrease from final week, whereas the variety of merchants net-short is 28.67% greater than yesterday and 61.74% greater from final week.

We usually take a contrarian view to crowd sentiment, and the very fact merchants are net-short suggests FTSE 100 costs could proceed to rise.

Our knowledge reveals merchants at the moment are net-short FTSE 100 for the primary time since Could 10, 2021 when FTSE 100 traded close to 7,090.70. Merchants are additional net-short than yesterday and final week, and the mix of present sentiment and up to date adjustments provides us a stronger FTSE 100-bullish contrarian buying and selling bias.