Number of merchants net-short has decreased by 14.44% from final week.
|SYMBOL||TRADING BIAS||NET-LONG%||NET-SHORT%||CHANGE IN LONGS||CHANGE IN SHORTS||CHANGE IN OI|
of purchasers are internet lengthy.
of purchasers are internet brief.
FTSE 100: Retail dealer information reveals 50.18% of merchants are net-long with the ratio of merchants lengthy to brief at 1.01 to 1. In truth, merchants have remained net-long since Mar 30 when FTSE 100 traded close to 7,622.50, value has moved 0.26% increased since then. The variety of merchants net-long is 34.98% increased than yesterday and 28.14% increased from final week, whereas the variety of merchants net-short is 13.68% decrease than yesterday and 14.44% decrease from final week.
We usually take a contrarian view to crowd sentiment, and the very fact merchants are net-long suggests FTSE 100 costs could proceed to fall.
Our information reveals merchants are actually net-long FTSE 100 for the primary time since Mar 30, 2023 when FTSE 100 traded close to 7,622.50. Traders are additional net-long than yesterday and final week, and the mix of present sentiment and up to date modifications offers us a stronger FTSE 100-bearish contrarian buying and selling bias.
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