Analysis

France 40 IG Shopper Sentiment: Our knowledge exhibits merchants at the moment are at their least net-long France 40 since Apr 20 when France 40 traded close to 5,586.40.

Variety of merchants net-short has elevated by 19.54% from final week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

France 40

BULLISH

10.32%

89.68%

-25.16%
Day by day

-22.73%
Weekly

10.59%
Day by day

19.54%
Weekly

5.39%
Day by day

13.15%
Weekly

France 40: Retail dealer knowledge exhibits 10.32% of merchants are net-long with the ratio of merchants brief to lengthy at eight.69 to 1. Our knowledge exhibits merchants at the moment are at their least net-long France 40 since Apr 20 when France 40 traded close to 5,586.40. The variety of merchants net-long is 25.16% decrease than yesterday and 22.73% decrease from final week, whereas the variety of merchants net-short is 10.59% larger than yesterday and 19.54% larger from final week. We usually take a contrarian view to crowd sentiment, and the very fact merchants are net-short suggests France 40 costs could proceed to rise. Merchants are additional net-short than yesterday and final week, and the mixture of present sentiment and up to date modifications offers us a stronger France 40-bullish contrarian buying and selling bias.

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