Our data shows traders are now at their least net-long FTSE 100 since Nov 12 when FTSE 100 traded near 7,387.50.

Our data shows traders are now at their least net-long FTSE 100 since Nov 12 when FTSE 100 traded near 7,387.50.

Number of traders net-short has increased by 2.59% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

FTSE 100

BULLISH

23.66%

76.34%

-26.31%
Daily

-5.02%
Weekly

23.51%
Daily

2.59%
Weekly

6.48%
Daily

0.68%
Weekly

FTSE 100: Retail trader data shows 23.66% of traders are net-long with the ratio of traders short to long at 3.23 to 1. Our data shows traders are now at their least net-long FTSE 100 since Nov 12 when FTSE 100 traded near 7,387.50. The number of traders net-long is 26.31% lower than yesterday and 5.02% lower from last week, while the number of traders net-short is 23.51% higher than yesterday and 2.59% higher from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests FTSE 100 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 FTSE 100-bullish contrarian trading bias.

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Originally Posted on: https://www.dailyfx.com/forex/technical/sentiment/2022/01/12/FT100-IG-Client-Sentiment-1523.html
By: Research

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