| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| FTSE 100 | BEARISH | 50.18% | 49.82% |
34.98%Daily 28.14%Weekly |
-13.68%Daily -14.44%Weekly |
5.38%Daily 2.68%Weekly |
| Change in | Longs | Shorts | OI |
| Daily | -11% | 4% | -5% |
| Weekly | 62% | -25% | 8% |
FTSE 100: Retail trader data shows 50.18% of traders are net-long with the ratio of traders long to short at 1.01 to 1.In fact, traders have remained net-long since Mar 30 when FTSE 100 traded near 7,622.50, price has moved 0.26% higher since then. The number of traders net-long is 34.98% higher than yesterday and 28.14% higher from last week, while the number of traders net-short is 13.68% lower than yesterday and 14.44% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests FTSE 100prices may continue to fall.
Our data shows traders are now net-long FTSE 100 for the first time since Mar 30, 2023 when FTSE 100 traded near 7,622.50. 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.
Source https://www.dailyfx.com/analysis/FT100-IG-Client-Sentiment-202305240923.html
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