Our data shows traders are now net-long France 40 for the first time since Jun 02, 2023 when France 40 traded near 7,273.40.
Number of traders net-short has decreased by 16.71% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| France 40 | BEARISH | 50.51% | 49.49% |
15.56% Daily 30.77% Weekly |
-13.17% Daily -16.71% Weekly |
-0.70% Daily 1.99% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | 16% | -14% | -2% |
| Weekly | 18% | -16% | -2% |
France 40: Retail trader data shows 50.51% of traders are net-long with the ratio of traders long to short at 1.02 to 1. In fact, traders have remained net-long since Jun 02 when France 40 traded near 7,273.40, price has moved 1.40% lower since then. The number of traders net-long is 15.56% higher than yesterday and 30.77% higher from last week, while the number of traders net-short is 13.17% lower than yesterday and 16.71% 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 Jun 02, 2023 when France 40 traded near 7,273.40. 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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