France 40: 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 Jul 11 when France 40 traded near 7,245.50, price has moved 0.93% lower since then. The number of traders net-long is 21.14% higher than yesterday and 95.56% higher from last week, while the number of traders net-short is 12.33% lower than yesterday and 34.52% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests France 40prices may continue to fall.

Our data shows traders are now net-long France 40 for the first time since Jul 11, 2023 when France 40 traded near 7,245.50. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger France 40-bearish contrarian trading bias.

Source https://www.dailyfx.com/analysis/FR40-IG-Client-Sentiment-202308180323.html