Our data shows that traders are now long on France 40 for the first time since October 19, 2021, when France 40 traded near 6,659.90. – .

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Our data shows that traders are now long on France 40 for the first time since October 19, 2021, when France 40 traded near 6,659.90. – .


The number of net short traders decreased by 47.40% compared to last week.

SYMBOL

COMMERCIAL BIAS

NET-LONG%

NET-SHORT %

CHANGE OF LONGS

SHORTS CHANGE

CHANGE OF IO

France 40

DECLINE

50,39 %

49,61%

66,48 %
Daily

128,02%
Weekly

-36,87 %
Daily

-47,40%
Weekly

-8,14 %
Daily

-14,11%
Weekly

France 40 : Data from retail traders shows that 50.39% 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 October 19, when France 40 traded near 6,659.90, the price has risen 2.90% since then. The number of net-long traders is 66.48% higher than yesterday and 128.02% higher than last week, while the number of net-short traders is 36.87% lower than yesterday and 47.40 % 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 long on France 40 for the first time since October 19, 2021, when France 40 traded near 6,659.90. Traders are even longer than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger bearish countercurrent trading bias 40 for France.

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