Number of traders net-short has increased by 92.99% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| France 40 | BULLISH | 49.79% | 50.21% |
-26.89% Daily -26.80% Weekly |
68.33% Daily 92.99% Weekly |
2.12% Daily 6.34% Weekly |
France 40: Retail trader data shows 49.79% 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 Sep 15 when France 40 traded near 6,097.90, price has moved 1.72% lower since then. The number of traders net-long is 26.89% lower than yesterday and 26.80% lower from last week, while the number of traders net-short is 68.33% higher than yesterday and 92.99% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests France 40 prices may continue to rise.
Our data shows traders are now net-short France 40 for the first time since Sep 15, 2022 when France 40 traded near 6,097.90. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger France 40-bullish contrarian trading bias.
