France 40 Sentiment Evaluation: Merchants Internet-Lengthy for First Time Since November


Retail dealer knowledge signifies that 52.21% of merchants are actually net-long on France 40, with the long-to-short ratio standing at 1.09 to 1. Since November 13, when France 40 was priced close to 7,094.20, merchants have maintained a net-long place.

Supply: dailyfx.com

Since that date, the index has appreciated by 11.93%. The proportion of merchants net-long has surged by 27.54% since yesterday and 33.68% over the previous week. Conversely, the variety of merchants net-short has decreased by 16.67% since yesterday and 19.97% since final week.

Historically adopting a contrarian stance to market sentiment, our evaluation means that with merchants predominantly net-long, there could also be potential for a downward development in France 40 costs.

Our newest knowledge reveals merchants have been net-long on France 40 since November 13, 2023, marking the primary event since that date. The rise in net-long positions in comparison with yesterday and final week, mixed with prevailing sentiment, factors to a stronger bearish contrarian buying and selling bias for France 40.

The submit France 40 Sentiment Analysis: Traders Net-Long for First Time Since November appeared first on Dumb Little Man.

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