Forexrobots24

forex advisor developer

France 40 IG Client Sentiment: Our data shows traders are now net-long France 40 for the first time since Mar 15, 2022 16:00 GMT when France 40 traded near 6,376.00.

France 40 Client Positioning

Number of traders net-short has decreased by 19.91% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


France 40

BEARISH

50.58%

49.42%

8.60%
Daily

36.54%
Weekly

-6.72%
Daily

-19.91%
Weekly

0.45%
Daily

1.26%
Weekly

France 40: Retail trader data shows 50.58% of traders are net-long with the ratio of traders long to short at 1.02 to 1. In fact, traders have remained net-long since Mar 15 when France 40 traded near 6,376.00, price has moved 3.14% higher since then. The number of traders net-long is 8.60% higher than yesterday and 36.54% higher from last week, while the number of traders net-short is 6.72% lower than yesterday and 19.91% 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.

Our data shows traders are now net-long France 40 for the first time since Mar 15, 2022 16:00 GMT when France 40 traded near 6,376.00. 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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