NUMBER OF TRADERS NET-SHORT HAS DECREASED BY 20.26% FROM LAST WEEK.

Germany 40: Retail trader data shows 50.07% of traders are net-long with the ratio of traders long to short at 1.00 to 1. In fact, traders have remained net-long since Sep 14 when Germany 40 traded near 15,860.10, price has moved 2.12% lower since then. The number of traders net-long is 40.72% higher than yesterday and 60.80% higher from last week, while the number of traders net-short is 16.90% lower than yesterday and 20.26% lower from last week.

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

Our data shows traders are now net-long Germany 40 for the first time since Sep 14, 2023 11:00 GMT when Germany 40 traded near 15,860.10. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Germany 40-bearish contrarian trading bias.

https://www.dailyfx.com/analysis/DE30-IG-Client-Sentiment-202309220523.html