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Number of traders net-short has increased by 39.05% from last week.
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
BULLISH |
48.34% |
51.66% |
-9.36%
-22.17% |
18.18%
39.05% |
3.05%
0.74% |
France 40: Retail trader data shows 48.34% 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 May 18 when France 40 traded near 6,283.30, price has moved 2.22% higher since then. The number of traders net-long is 9.36% lower than yesterday and 22.17% lower from last week, while the number of traders net-short is 18.18% higher than yesterday and 39.05% 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 May 18, 2022 16:00 GMT when France 40 traded near 6,283.30. 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.
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