Variety of merchants net-short has decreased by 44.16% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
FTSE 100 |
BEARISH |
50.24% |
49.76% |
46.37% Day by day 128.55% Weekly |
-10.86% Day by day -44.16% Weekly |
10.93% Day by day -9.99% Weekly |
FTSE 100: Retail dealer knowledge exhibits 50.24% of merchants are net-long with the ratio of merchants lengthy to brief at 1.01 to 1. In truth, merchants have remained net-long since Mar 17 when FTSE 100 traded close to 7,381.50, worth has moved 0.14% decrease since then. The variety of merchants net-long is 46.37% increased than yesterday and 128.55% increased from final week, whereas the variety of merchants net-short is 10.86% decrease than yesterday and 44.16% decrease from final week.
We usually take a contrarian view to crowd sentiment, and the very fact merchants are net-long suggests FTSE 100 costs could proceed to fall.
Our knowledge exhibits merchants at the moment are net-long FTSE 100 for the primary time since Mar 17, 2022 when FTSE 100 traded close to 7,381.50. Merchants are additional net-long than yesterday and final week, and the mixture of present sentiment and up to date adjustments offers us a stronger FTSE 100-bearish contrarian buying and selling bias.
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