Number of traders net-short has increased by 13.12% from last week.
SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
---|---|---|---|---|---|---|
France 40 | BULLISH | 48.41% | 51.59% |
-20.03% Daily -15.70% Weekly |
24.34% Daily 13.12% Weekly |
-1.98% Daily -2.94% Weekly |
Change in | Longs | Shorts | OI |
Daily | -17% | 2% | -9% |
Weekly | -12% | -1% | -7% |
France 40: Retail trader data shows 48.41% of traders are net-long with the ratio of traders short to long at 1.07 to 1. In fact, traders have remained net-short since Sep 21 when France 40 traded near 7,171.60, price has moved 0.04% lower since then. The number of traders net-long is 20.03% lower than yesterday and 15.70% lower from last week, while the number of traders net-short is 24.34% higher than yesterday and 13.12% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests France 40 prices may continue to rise.
Our data shows traders are now net-short France 40 for the first time since Sep 21, 2023 16:00 GMT when France 40 traded near 7,171.60. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger France 40-bullish contrarian trading bias.
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