Our data shows traders are now at their most net-long France 40 since Feb 14 when France 40 traded near 6,854.60.

Our data shows traders are now at their most net-long France 40 since Feb 14 when France 40 traded near 6,854.60.

Number of traders net-short has decreased by 21.60% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

France 40

BEARISH

69.23%

30.77%

27.27%
Daily

28.20%
Weekly

-9.47%
Daily

-21.60%
Weekly

13.14%
Daily

7.24%
Weekly

France 40: Retail trader data shows 69.23% of traders are net-long with the ratio of traders long to short at 2.25 to 1. Our data shows traders are now at their most net-long France 40 since Feb 14 when France 40 traded near 6,854.60. The number of traders net-long is 27.27% higher than yesterday and 28.20% higher from last week, while the number of traders net-short is 9.47% lower than yesterday and 21.60% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests France 40 prices may continue to fall.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger France 40-bearish contrarian trading bias.

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Originally Posted on: https://www.dailyfx.com/forex/technical/sentiment/2022/03/01/FR40-IG-Client-Sentiment-1123.html
By: Research

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