Our data shows traders are now net-short France 40 for the first time since Sep 29, 2023 when France 40 traded near 7,121.30.

Number of traders net-short has increased by 41.02% from last week.

France 40: Retail trader data shows 49.15% of traders are net-long with the ratio of traders short to long at 1.03 to 1. In fact, traders have remained net-short since Sep 29 when France 40 traded near 7,121.30, price has moved 0.01% lower since then. The number of traders net-long is 6.18% lower than yesterday and 23.57% lower from last week, while the number of traders net-short is 16.72% higher than yesterday and 41.02% 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 29, 2023 when France 40 traded near 7,121.30. 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.