Number of traders net-short has decreased by 37.41% from last week.
|SYMBOL||TRADING BIAS||NET-LONG%||NET-SHORT%||CHANGE IN LONGS||CHANGE IN SHORTS||CHANGE IN OI|
of clients are net long.
of clients are net short.
France 40: Retail trader data shows 67.08% of traders are net-long with the ratio of traders long to short at 2.04 to 1. Our data shows traders are now at their most net-long France 40 since Oct 05 when France 40 traded near 7,013.00. The number of traders net-long is 23.34% higher than yesterday and 64.30% higher from last week, while the number of traders net-short is 16.17% lower than yesterday and 37.41% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests France 40 prices may continue to fall.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger France 40-bearish contrarian trading bias.