Number of traders net-short has increased by 3.43% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
BEARISH |
50.05% |
49.95% |
27.36%
5.58% |
-8.51%
3.43% |
6.50%
4.49% |
FTSE 100: Retail trader data shows 50.05% of traders are net-long with the ratio of traders long to short at 1.00 to 1. In fact, traders have remained net-long since Jan 04 when FTSE 100 traded near 6,550.30, price has moved 3.92% higher since then. The number of traders net-long is 27.36% higher than yesterday and 5.58% higher from last week, while the number of traders net-short is 8.51% lower than yesterday and 3.43% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests FTSE 100 prices may continue to fall.
Our data shows traders are now net-long FTSE 100 for the first time since Jan 04, 2021 13:00 GMT when FTSE 100 traded near 6,550.30. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger FTSE 100-bearish contrarian trading bias.
