France 40 IG Client Sentiment: Our data shows traders are now net-short France 40 for the first time since May 05, 2022 09:00 GMT when France 40 traded near 6,321.90.


Number of traders net-short has increased by 46.84% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


France 40

BULLISH

49.46%

50.54%

-24.79%
Daily

-29.00%
Weekly

46.07%
Daily

46.84%
Weekly

-0.36%
Daily

-3.92%
Weekly

France 40: Retail trader data shows 49.46% of traders are net-long with the ratio of traders short to long at 1.02 to 1. In fact, traders have remained net-short since May 05 when France 40 traded near 6,321.90, price has moved 0.67% higher since then. The number of traders net-long is 24.79% lower than yesterday and 29.00% lower from last week, while the number of traders net-short is 46.07% higher than yesterday and 46.84% 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 May 05, 2022 09:00 GMT when France 40 traded near 6,321.90. 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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