Our data shows traders are now net-short France 40 for the first time since Sep 29, 2023 when France 40 traded near 7,121.30.
Number of traders net-short has increased by 41.02% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| France 40 | BULLISH | 49.15% | 50.85% |
-6.18% Daily -23.57% Weekly |
16.72% Daily 41.02% Weekly |
4.22% Daily -0.37% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | -21% | 32% | 2% |
| Weekly | -35% | 55% | -4% |
France 40: Retail trader data shows 49.15% of traders are net-long with the ratio of traders short to long at 1.03 to 1. In fact, traders have remained net-short since Sep 29 when France 40 traded near 7,121.30, price has moved 0.01% lower since then. The number of traders net-long is 6.18% lower than yesterday and 23.57% lower from last week, while the number of traders net-short is 16.72% higher than yesterday and 41.02% 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 Sep 29, 2023 when France 40 traded near 7,121.30. 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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