Our data shows traders are now net-long France 40 for the first time since Jul 11, 2023 when France 40 traded near 7,245.50.
Number of traders net-short has decreased by 34.52% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| France 40 | BEARISH | 50.18% | 49.82% |
21.14% Daily 95.56% Weekly |
-12.33% Daily -34.52% Weekly |
1.78% Daily -1.72% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | 18% | -10% | 2% |
| Weekly | 98% | -34% | -1% |
France 40: Retail trader data shows 50.18% of traders are net-long with the ratio of traders long to short at 1.01 to 1. In fact, traders have remained net-long since Jul 11 when France 40 traded near 7,245.50, price has moved 0.93% lower since then. The number of traders net-long is 21.14% higher than yesterday and 95.56% higher from last week, while the number of traders net-short is 12.33% lower than yesterday and 34.52% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests France 40 prices may continue to fall.
Our data shows traders are now net-long France 40 for the first time since Jul 11, 2023 when France 40 traded near 7,245.50. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger France 40-bearish contrarian trading bias.
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