Our data shows traders are now at their most net-long Germany 40 since Oct 06 when Germany 40 traded near 15,099.00.

Our data shows traders are now at their most net-long Germany 40 since Oct 06 when Germany 40 traded near 15,099.00.

Number of traders net-short has decreased by 42.27% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

Germany 40

BEARISH

74.47%

25.53%

46.64%
Daily

40.91%
Weekly

-31.30%
Daily

-42.27%
Weekly

13.72%
Daily

3.02%
Weekly

Germany 40: Retail trader data shows 74.47% of traders are net-long with the ratio of traders long to short at 2.92 to 1. Our data shows traders are now at their most net-long Germany 40 since Oct 06 when Germany 40 traded near 15,099.00. The number of traders net-long is 46.64% higher than yesterday and 40.91% higher from last week, while the number of traders net-short is 31.30% lower than yesterday and 42.27% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Germany 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 Germany 40-bearish contrarian trading bias.

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Originally Posted on: https://www.dailyfx.com/forex/technical/sentiment/2022/03/01/DE30-IG-Client-Sentiment-1823.html
By: Research

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