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Number of traders net-short has increased by 39.97% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| FTSE 100 | BULLISH | 14.24% | 85.76% |
-5.74% Daily -36.86% Weekly |
13.71% Daily 39.97% Weekly |
10.46% Daily 19.29% Weekly |
FTSE 100: Retail trader data shows 14.24% of traders are net-long with the ratio of traders short to long at 6.02 to 1. Our data shows traders are now at their least net-long FTSE 100 since Nov 30 when FTSE 100 traded near 7,612.20. The number of traders net-long is 5.74% lower than yesterday and 36.86% lower from last week, while the number of traders net-short is 13.71% higher than yesterday and 39.97% 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.
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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