Our data shows that traders are now net long on France 40 for the first time since November 04, 2020, when France 40 traded near 4,887.10.
The number of net-short traders was down 15.88% compared to last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
SHORTS CHANGE |
CHANGE OF IO |
|
BEAR CUB |
50.23% |
49.77% |
35.80%
62.11% |
-6.84%
-15.88% |
10.61%
10.93% |
France 40: Data from retail traders shows that 50.23% of traders are net long with the ratio of long to short traders at 1.01 to 1. In fact, traders have remained net since November 04, when France 40 traded near 4,887.10, the price has risen 13.71% since then. The number of net-long traders is 35.80% higher than yesterday and 62.11% higher than last week, while the number of net-short traders is 6.84% lower than yesterday and 15.88% less than last week.
We generally take a vexing view of crowd sentiment, and the fact that traders are buying on the net suggests that France 40 prices may continue to decline.
Our data shows that traders are now net long on France 40 for the first time since November 04, 2020, when France 40 traded near 4,887.10. Traders are longer than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger France 40 bearish contrarian trading bias.
