Our data shows traders are now net-long France 40 for the first time since Dec 22, 2020 when France 40 traded near 5,477.70.


France 40 Client Positioning

Number of traders net-short has decreased by 11.14% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

France 40

BEARISH

50.77%

49.23%

27.27%
Daily

32.93%
Weekly

-20.35%
Daily

-11.14%
Weekly

-1.67%
Daily

6.84%
Weekly

France 40: Retail trader data shows 50.77% of traders are net-long with the ratio of traders long to short at 1.03 to 1. In fact, traders have remained net-long since Dec 22 when France 40 traded near 5,477.70, price has moved 2.50% higher since then. The number of traders net-long is 27.27% higher than yesterday and 32.93% higher from last week, while the number of traders net-short is 20.35% lower than yesterday and 11.14% 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 Dec 22, 2020 when France 40 traded near 5,477.70. 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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By Jonathan Prop

Jonathan Prop is an independent financial advisor. He has been working in finance for the last 20 years. After retiring early in his 40s, Jonathan decided to help others get to grip with financial markets, particularly his area of expertise - forex!

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