Number of traders net-short has increased by 21.93% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| France 40 | BULLISH | 49.71% | 50.29% | -13.99% Daily -8.40% Weekly | 3.48% Daily 21.93% Weekly | -6.01% Daily 4.70% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | 0% | -2% | -1% |
| Weekly | 15% | -7% | 4% |
France 40: Retail trader data shows 49.71% of traders are net-long with the ratio of traders short to long at 1.01 to 1. In fact, traders have remained net-short since Jun 13 when France 40 traded near 7,716.10, price has moved 0.78% lower since then. The number of traders net-long is 13.99% lower than yesterday and 8.40% lower from last week, while the number of traders net-short is 3.48% higher than yesterday and 21.93% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests France 40 prices may continue to rise.
Our data shows traders are now net-short France 40 for the first time since Jun 13, 2024 11:00 GMT when France 40 traded near 7,716.10. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger France 40-bullish contrarian trading bias.
