Our knowledge reveals merchants at the moment are net-long France 40 for the primary time since Dec 20, 2021 when France 40 traded close to 6,943.90.

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Number of merchants net-short has decreased by 23.61% from final week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

France 40

BEARISH

51.35%

48.65%

45.50%
Daily

26.44%
Weekly

-32.43%
Daily

-23.61%
Weekly

-6.79%
Daily

-4.12%
Weekly

France 40: Retail dealer knowledge reveals 51.35% of merchants are net-long with the ratio of merchants lengthy to brief at 1.06 to 1. In truth, merchants have remained net-long since Dec 20 when France 40 traded close to 6,943.90, value has moved 0.99% increased since then. The variety of merchants net-long is 45.50% increased than yesterday and 26.44% increased from final week, whereas the variety of merchants net-short is 32.43% decrease than yesterday and 23.61% decrease from final week.

We usually take a contrarian view to crowd sentiment, and the actual fact merchants are net-long suggests France 40 costs could proceed to fall.

Our knowledge reveals merchants at the moment are net-long France 40 for the primary time since Dec 20, 2021 when France 40 traded close to 6,943.90. Traders are additional net-long than yesterday and final week, and the mixture of present sentiment and up to date adjustments offers us a stronger France 40-bearish contrarian buying and selling bias.

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