Number of traders net-short has decreased by 37.01% from last week.
SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
Germany 30 | BEARISH | 57.11% | 42.89% | 39.23% 69.90% | -12.39% -37.01% | 11.15% -1.67% |
Germany 30: Retail trader data shows 57.11% of traders are net-long with the ratio of traders long to short at 1.33 to 1. In fact, traders have remained net-long since Feb 01 when Germany 30 traded near 13,680.40, price has moved 0.25% higher since then. The number of traders net-long is 39.23% higher than yesterday and 69.90% higher from last week, while the number of traders net-short is 12.39% lower than yesterday and 37.01% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Germany 30 prices may continue to fall.
Our data shows traders are now net-long Germany 30 for the first time since Feb 01, 2021 when Germany 30 traded near 13,680.40. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Germany 30-bearish contrarian trading bias.
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Originally Posted on: https://www.dailyfx.com/forex/technical/sentiment/2021/02/23/DE30-IG-Client-Sentiment-1023.html
By: Research
