00 GMT when France 40 traded near 6,189.30.





Number of traders net-short has increased by 55.68% from last week.



SYMBOL
TRADING BIAS
NET-LONG%
NET-SHORT%
CHANGE IN LONGS
CHANGE IN SHORTS
CHANGE IN OI




France 40
BULLISH
46.96%
53.04%

-12.26% Daily
-22.56% Weekly


28.30% Daily
55.68% Weekly


5.42% Daily
5.59% Weekly





France 40: Retail trader data shows 46.96% 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 Aug 30 when France 40 traded near 6,189.30, price has moved 0.51% higher since then. The number of traders net-long is 12.26% lower than yesterday and 22.56% lower from last week, while the number of traders net-short is 28.30% higher than yesterday and 55.68% 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 Aug 30, 2022 15:00 GMT when France 40 traded near 6,189.30. 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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