France 40: Retail trader data shows 48.41% of traders are net-long with the ratio of traders short to long at 1.07 to 1.In fact, traders have remained net-short since Sep 21 when France 40 traded near 7,171.60, price has moved 0.04% lower since then. The number of traders net-long is 20.03% lower than yesterday and 15.70% lower from last week, while the number of traders net-short is 24.34% higher than yesterday and 13.12% higher from last week.

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

Our data shows traders are now net-short France 40 for the first time since Sep 21, 2023 16:00 GMT when France 40 traded near 7,171.60. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger France 40-bullish contrarian trading bias.

Source https://www.dailyfx.com/analysis/FR40-IG-Client-Sentiment-202309291423.html