Number of traders net-short has increased by 23.27% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| FTSE 100 | BULLISH | 49.39% | 50.61% |
-7.98% Daily -23.50% Weekly |
-0.89% Daily 23.27% Weekly |
-4.53% Daily -5.32% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | -16% | 19% | -1% |
| Weekly | -25% | 27% | -4% |
FTSE 100: Retail trader data shows 49.39% of traders are net-long with the ratio of traders short to long at 1.02 to 1. In fact, traders have remained net-short since Aug 02 when FTSE 100 traded near 7,548.40, price has moved 0.84% higher since then. The number of traders net-long is 7.98% lower than yesterday and 23.50% lower from last week, while the number of traders net-short is 0.89% lower than yesterday and 23.27% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests FTSE 100 prices may continue to rise.
Our data shows traders are now net-short FTSE 100 for the first time since Aug 02, 2023 08:00 GMT when FTSE 100 traded near 7,548.40. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger FTSE 100-bullish contrarian trading bias.
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