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% -5.02% | 23.51% 2.59% | 6.48% 0.68% |
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
