Our data shows traders are now at their least net-long Germany 30 since Jan 09 when Germany 30 traded near 14,102.20.

Our data shows traders are now at their least net-long Germany 30 since Jan 09 when Germany 30 traded near 14,102.20.

Number of traders net-short has increased by 55.93% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

Germany 30

BULLISH

16.62%

83.38%

-18.71%
Daily

-64.23%
Weekly

58.57%
Daily

55.93%
Weekly

36.94%
Daily

0.06%
Weekly

Germany 30: Retail trader data shows 16.62% of traders are net-long with the ratio of traders short to long at 5.02 to 1. Our data shows traders are now at their least net-long Germany 30 since Jan 09 when Germany 30 traded near 14,102.20. The number of traders net-long is 18.71% lower than yesterday and 64.23% lower from last week, while the number of traders net-short is 58.57% higher than yesterday and 55.93% higher from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests Germany 30 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 Germany 30-bullish contrarian trading bias.

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Originally Posted on: https://www.dailyfx.com/forex/technical/sentiment/2021/03/08/DE30-IG-Client-Sentiment-1523.html
By: Research

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