
Number of traders net-short has increased by 2.01% from last week.
SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
France 40 | BEARISH | 70.40% | 29.60% | 73.07% Daily 3.96% Weekly | -48.89% Daily 2.01% Weekly | 1.42% Daily 3.37% Weekly |
France 40: Retail trader data shows 70.40% of traders are net-long with the ratio of traders long to short at 2.38 to 1. Our data shows traders are now at their most net-long France 40 since Feb 27 when France 40 traded near 5,388.30. The number of traders net-long is 73.07% higher than yesterday and 3.96% higher from last week, while the number of traders net-short is 48.89% lower than yesterday and 2.01% higher 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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