Our data shows traders are now net-short France 40 for the first time since Oct 12, 2023 when France 40 traded near 7,081.90.

Number of traders net-short has increased by 50.43% from last week.

France 40: Retail trader data shows 47.01% of traders are net-long with the ratio of traders short to long at 1.13 to 1. In fact, traders have remained net-short since Oct 12 when France 40 traded near 7,081.90, price has moved 0.50% lower since then. The number of traders net-long is 25.03% lower than yesterday and 29.75% lower from last week, while the number of traders net-short is 29.10% higher than yesterday and 50.43% 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 Oct 12, 2023 when France 40 traded near 7,081.90. 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.