Variety of merchants net-short has elevated by 8.78% from final week.
|SYMBOL||TRADING BIAS||NET-LONG%||NET-SHORT%||CHANGE IN LONGS||CHANGE IN SHORTS||CHANGE IN OI|
-25.87% Every day
33.92% Every day
-4.49% Every day
France 40: Retail dealer information reveals 49.86% of merchants are net-long with the ratio of merchants brief to lengthy at 1.01 to 1. Actually, merchants have remained net-short since Oct 06 when France 40 traded close to 5,908.00, worth has moved 0.84% increased since then. The variety of merchants net-long is 25.87% decrease than yesterday and 10.17% decrease from final week, whereas the variety of merchants net-short is 33.92% increased than yesterday and eight.78% increased from final week.
We sometimes take a contrarian view to crowd sentiment, and the very fact merchants are net-short suggests France 40 costs might proceed to rise.
Our information reveals merchants at the moment are net-short France 40 for the primary time since Oct 06, 2022 12:00 GMT when France 40 traded close to 5,908.00. Merchants are additional net-short than yesterday and final week, and the mixture of present sentiment and up to date modifications provides us a stronger France 40-bullish contrarian buying and selling bias.
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