Number of traders net-short has increased by 44.60% from last week.
SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
BULLISH | 49.40% | 50.60% | -14.43% -26.91% | 18.90% 44.60% | -0.29% -2.51% |
Germany 40: Retail trader data shows 49.40% 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 Germany 40 traded near 13,860.40, price has moved 1.37% higher since then. The number of traders net-long is 14.43% lower than yesterday and 26.91% lower from last week, while the number of traders net-short is 18.90% higher than yesterday and 44.60% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests Germany 40 prices may continue to rise.
Our data shows traders are now net-short Germany 40 for the first time since May 05, 2022 14:00 GMT when Germany 40 traded near 13,860.40. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Germany 40-bullish contrarian trading bias.
