Forexrobots24

forex advisor developer

France 40 IG Client Sentiment: Our data shows traders are now net-short France 40 for the first time since Oct 26, 2020 09:00 GMT when France 40 traded near 4,815.30.

France 40 Client Positioning

Number of traders net-short has increased by 27.14% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

France 40

BULLISH

47.64%

52.36%

-7.61% Daily

-12.68% Weekly

37.83% Daily

27.14% Weekly

11.66% Daily

4.45% Weekly

France 40: Retail trader data shows 47.64% of traders are net-long with the ratio of traders short to long at 1.10 to 1. In fact, traders have remained net-short since Oct 26 when France 40 traded near 4,815.30, price has moved 2.63% lower since then. The number of traders net-long is 7.61% lower than yesterday and 12.68% lower from last week, while the number of traders net-short is 37.83% higher than yesterday and 27.14% 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 Oct 26, 2020 09:00 GMT when France 40 traded near 4,815.30. 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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