Number of traders net-short has increased by 16.05% from last week.
SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
France 40 | BULLISH | 19.25% | 80.75% | -44.07% -46.28% | 6.25% 16.05% | -9.43% -5.14% |
France 40: Retail trader data shows 19.25% of traders are net-long with the ratio of traders short to long at 4.19 to 1. Our data shows traders are now at their least net-long France 40 since Nov 11 when France 40 traded near 5,439.70. The number of traders net-long is 44.07% lower than yesterday and 46.28% lower from last week, while the number of traders net-short is 6.25% higher than yesterday and 16.05% 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.
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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Originally Posted on: https://www.dailyfx.com/forex/technical/sentiment/2021/03/11/FR40-IG-Client-Sentiment-1723.html
By: Research
