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Traders' Net-Long Positions on FTSE 100 at Lowest Level Since April

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Traders,Net-Long Positions,FTSE 100

According to our data, traders' net-long positions on FTSE 100 have reached their lowest level since April. The number of net-long traders has decreased by 33.67% compared to yesterday and 40.39% compared to last week, while the number of net-short traders has increased by 19.70% compared to yesterday and 31.95% compared to last week. This indicates a stronger bullish sentiment towards FTSE 100 in contrarian trading.

Our data shows traders are now at their least net-long FTSE 100 since Apr 21 when FTSE 100 traded near 7,908.70. The number of traders net-long is 33.67% lower than yesterday and 40.39% lower from last week, while the number of traders net-short is 19.70% higher than yesterday and 31.95% higher from last week.

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger FTSE 100-bullish contrarian trading bias.USD/CHF IG Client Sentiment: Our data shows traders are now at their least net-long USD/CHF since Sep 26 when USD/CHF traded near 0.92.Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors.

We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. Information presented by DailyFX Limited should be construed as market commentary, merely observing economical, political and market conditions. This information is made available for informational purposes only. It is not a solicitation or a recommendation to trade derivatives contracts or securities and should not be construed or interpreted as financial advice.

Source: Digital Coin News (digitalcoinnews.net)

Traders Net-Long Positions FTSE 100 Sentiment Contrarian Trading

 

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