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Number of traders net-short has increased by 56.27% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| FTSE 100 | BULLISH | 49.37% | 50.63% |
-18.12% Daily -35.66% Weekly |
23.22% Daily 56.27% Weekly |
-1.37% Daily -8.37% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | -18% | 23% | -1% |
| Weekly | -36% | 56% | -8% |
FTSE 100: Retail trader data shows 49.37% 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 May 24 when FTSE 100 traded near 7,626.60, price has moved 0.13% higher since then. The number of traders net-long is 18.12% lower than yesterday and 35.66% lower from last week, while the number of traders net-short is 23.22% higher than yesterday and 56.27% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests FTSE 100 prices may continue to rise.
Our data shows traders are now net-short FTSE 100 for the first time since May 24, 2023 when FTSE 100 traded near 7,626.60. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger FTSE 100-bullish contrarian trading bias.
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