Number of traders net-short has increased by 69.77% from last week.
CHANGE IN LONGS
CHANGE IN SHORTS
CHANGE IN OI
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.
element inside the element. This is probably not what you meant to do!
Originally Posted on: https://www.dailyfx.com/forex/technical/sentiment/2022/03/09/DE30-IG-Client-Sentiment-1123.html