Number of merchants net-short has elevated by 50.43% 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 quick.
France 40: Retail dealer information reveals 47.01% of merchants are net-long with the ratio of merchants quick to lengthy at 1.13 to 1. In reality, merchants have remained net-short since Oct 12 when France 40 traded close to 7,081.90, worth has moved 0.50% decrease since then. The variety of merchants net-long is 25.03% decrease than yesterday and 29.75% decrease from final week, whereas the variety of merchants net-short is 29.10% greater than yesterday and 50.43% greater from final week.
We usually take a contrarian view to crowd sentiment, and the actual fact merchants are net-short suggests France 40 costs could proceed to rise.
Our information reveals merchants at the moment are net-short France 40 for the primary time since Oct 12, 2023 when France 40 traded close to 7,081.90. Traders are additional net-short than yesterday and final week, and the mixture of present sentiment and up to date adjustments provides us a stronger France 40-bullish contrarian buying and selling bias.
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