Our data shows traders are now net-short France 40 for the first time since Oct 12, 2023 when France 40 traded near 7,081.90.
Number of traders net-short has increased by 50.43% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| France 40 | BULLISH | 47.01% | 52.99% |
-25.03% Daily -29.75% Weekly |
29.10% Daily 50.43% Weekly |
-3.62% Daily -2.10% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | -28% | 54% | 5% |
| Weekly | -37% | 80% | 2% |
France 40: Retail trader data shows 47.01% of traders are net-long with the ratio of traders short to long at 1.13 to 1. In fact, traders have remained net-short since Oct 12 when France 40 traded near 7,081.90, price has moved 0.50% lower since then. The number of traders net-long is 25.03% lower than yesterday and 29.75% lower from last week, while the number of traders net-short is 29.10% higher than yesterday and 50.43% 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 Oct 12, 2023 when France 40 traded near 7,081.90. 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.
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