Number of merchants net-short has elevated by 92.99% from final week.
|SYMBOL||TRADING BIAS||NET-LONG%||NET-SHORT%||CHANGE IN LONGS||CHANGE IN SHORTS||CHANGE IN OI|
France 40: Retail dealer knowledge exhibits 49.79% of merchants are net-long with the ratio of merchants brief to lengthy at 1.01 to 1. In reality, merchants have remained net-short since Sep 15 when France 40 traded close to 6,097.90, worth has moved 1.72% decrease since then. The variety of merchants net-long is 26.89% decrease than yesterday and 26.80% decrease from final week, whereas the variety of merchants net-short is 68.33% greater than yesterday and 92.99% greater from final week.
We sometimes take a contrarian view to crowd sentiment, and the actual fact merchants are net-short suggests France 40 costs might proceed to rise.
Our knowledge exhibits merchants are actually net-short France 40 for the primary time since Sep 15, 2022 when France 40 traded close to 6,097.90. Traders are additional net-short than yesterday and final week, and the mixture of present sentiment and up to date adjustments provides us a stronger France 40-bullish contrarian buying and selling bias.