Number of merchants net-short has decreased by 28.82% 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.
France 40: Retail dealer knowledge exhibits 50.46% of merchants are net-long with the ratio of merchants lengthy to brief at 1.02 to 1. In reality, merchants have remained net-long since Mar 15 when France 40 traded close to 6,947.70, value has moved 4.28% increased since then. The variety of merchants net-long is 54.03% increased than yesterday and 90.57% increased from final week, whereas the variety of merchants net-short is 21.05% decrease than yesterday and 28.82% decrease from final week.
We sometimes take a contrarian view to crowd sentiment, and the very fact merchants are net-long suggests France 40 costs might proceed to fall.
Our knowledge exhibits merchants at the moment are net-long France 40 for the primary time since Mar 15, 2023 when France 40 traded close to 6,947.70. 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 France 40-bearish contrarian buying and selling bias.
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