Number of traders net-short has increased by 69.77% from last week.
SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
Germany 40 | BULLISH | 45.44% | 54.56% | -23.53% -32.00% | 58.12% 69.77% | 6.46% 1.04% |
Germany 40: Retail trader data shows 45.44% of traders are net-long with the ratio of traders short to long at 1.20 to 1. In fact, traders have remained net-short since Feb 28 when Germany 40 traded near 14,286.40, price has moved 5.84% lower since then. The number of traders net-long is 23.53% lower than yesterday and 32.00% lower from last week, while the number of traders net-short is 58.12% higher than yesterday and 69.77% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests Germany 40 prices may continue to rise.
Our data shows traders are now net-short Germany 40 for the first time since Feb 28, 2022 00:00 GMT when Germany 40 traded near 14,286.40. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Germany 40-bullish contrarian trading bias.
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Originally Posted on: https://www.dailyfx.com/forex/technical/sentiment/2022/03/09/DE30-IG-Client-Sentiment-1123.html
By: Research
