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% 28.20% | -9.47% -21.60% | 13.14% 7.24% |
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
