Technical data

00 GMT as France 40 traded near 6,535.80.


The number of net short traders fell 11.42% from last week.

SYMBOL

COMMERCIAL BIAS

NET-LONG%

NET-SHORT%

CHANGE OF LONGS

SHORTS CHANGE

CHANGE OF IO

France 40

DROP

50.53%

49.47%

30.38%
Daily

14.02%
Weekly

-15.97%
Daily

-11.42%
Weekly

2.43%
Daily

-0.16%
Weekly

France 40: Data from retail traders shows that 50.53% of traders are net long with a ratio of long to short traders of 1.02 to 1. In fact, traders have remained net since July 09, when France 40 traded near 6,535.80, the price has fallen 1.21% since then. The number of net-long traders is 30.38% higher than yesterday and 14.02% higher than last week, while the number of net-short traders is 15.97% lower than yesterday and 11.42 % lower than last week.

We generally take a contrarian view of crowd sentiment, and the fact that traders are net long suggests that France 40 prices may continue to decline.

Our data shows that traders are now net long in France 40 for the first time since July 09, 2021 at 09:00 GMT when France 40 traded near 6,535.80. Traders are net longer than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger France 40 counter-current trading bias.

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