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Number of traders net-short has decreased by 43.68% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
BEARISH |
78.73% |
21.27% |
11.24%
49.44% |
-13.31%
-43.68% |
4.92%
10.56% |
France 40: Retail trader data shows 78.73% of traders are net-long with the ratio of traders long to short at 3.70 to 1. Our data shows traders are now at their most net-long France 40 since Mar 04 when France 40 traded near 6,076.20. The number of traders net-long is 11.24% higher than yesterday and 49.44% higher from last week, while the number of traders net-short is 13.31% lower than yesterday and 43.68% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests France 40 prices may continue to fall.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger France 40-bearish contrarian trading bias.
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