Number of traders net-short has decreased by 4.09% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| Germany 40 | BULLISH | 49.69% | 50.31% |
-23.23% Daily -13.75% Weekly |
22.95% Daily -4.09% Weekly |
-5.34% Daily -9.15% Weekly |
Germany 40: Retail trader data shows 49.69% of traders are net-long with the ratio of traders short to long at 1.01 to 1. In fact, traders have remained net-short since Oct 06 when Germany 40 traded near 12,405.60, price has moved 0.38% higher since then. The number of traders net-long is 23.23% lower than yesterday and 13.75% lower from last week, while the number of traders net-short is 22.95% higher than yesterday and 4.09% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests Germany 40 prices may continue to rise.
Our data shows traders are now net-short Germany 40 for the first time since Oct 06, 2022 11:00 GMT when Germany 40 traded near 12,405.60. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Germany 40-bullish contrarian trading bias.
