Number of traders net-short has decreased by 27.82% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
FTSE 100 |
BEARISH |
50.04% |
49.96% |
14.83%
107.30% |
-13.49%
-27.82% |
-1.31%
7.11% |
FTSE 100: Retail trader data shows 50.04% of traders are net-long with the ratio of traders long to short at 1.00 to 1. In fact, traders have remained net-long since Jul 25 when FTSE 100 traded near 7,303.30, price has moved 1.48% lower since then. The number of traders net-long is 14.83% higher than yesterday and 107.30% higher from last week, while the number of traders net-short is 13.49% lower than yesterday and 27.82% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests FTSE 100 prices may continue to fall.
Our data shows traders are now net-long FTSE 100 for the first time since Jul 25, 2022 when FTSE 100 traded near 7,303.30. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger FTSE 100-bearish contrarian trading bias.
