Gold, Oil, and USD/JPY Positioning Outlook Retail Sentiment Analysis
Gold
Analysis of retail trader positioning shows that 56.19% are net-long on Gold, with a long-to-short ratio of 1.28 to 1. The percentage of net-long traders has decreased by 2.47% from yesterday and by 3.96% from last week, while net-short traders have increased by 7.34% since yesterday but decreased by 4.98% from the previous week.
From a contrarian perspective, the current net-long positioning suggests that Gold prices might face downward pressure. Despite a reduction in net-long positions compared to yesterday, the current level remains higher than last week’s figures. This mix of sentiment and recent changes creates a somewhat ambiguous outlook for Gold prices.
Source: TradingView, prepared by
Retail trader data shows that 56.19% of traders are net-long on Gold, with a long-to-short ratio of 1.28 to 1. The percentage of net-long traders has decreased by 2.47% since yesterday and by 3.96% from last week. Meanwhile, net-short traders have increased by 7.34% since yesterday but are down by 4.98% from the previous week. Given the current net-long positioning, a contrarian view suggests that Gold prices might face further declines. Although the net-long positions have slightly reduced since yesterday, they remain higher than last week, leading to a mixed outlook for Gold prices.
Oil (US Crude)
Retail trader data shows that 84.07% of traders are net-long on US Crude Oil, with a long-to-short ratio of 5.28 to 1. The proportion of net-long traders has risen by 11.02% since yesterday and by 18.68% from last week, while net-short traders have decreased by 7.18% since yesterday and by 34.26% from the previous week.
From a contrarian standpoint, the high level of net-long positions suggests that US Crude Oil prices might be poised for a decline. The significant increase in net-long positions, both daily and weekly, supports a bearish contrarian view on Oil prices.
Source: TradingView, prepared by
Retail trader data indicates that 84.07% of traders are net-long on US Crude Oil, with a long-to-short ratio of 5.28 to 1. Net-long positions have risen by 11.02% since yesterday and by 18.68% from last week. In contrast, net-short positions have fallen by 7.18% since yesterday and by 34.26% from the previous week. The high level of net-long positioning suggests that US Crude Oil prices might be due for a decline. The substantial increase in net-long positions supports a bearish contrarian outlook for Oil prices.
USD/JPY
Retail trader positioning for USD/JPY reveals that 40.25% of traders are net-long, with a short-to-long ratio of 1.48 to 1. The percentage of net-long traders has increased by 1.25% since yesterday and by 7.52% from last week. Conversely, net-short traders have grown by 0.77% since yesterday but have decreased by 16.88% from the previous week.
From a contrarian perspective, the net-short positioning suggests that USD/JPY prices might continue to rise. However, the reduction in net-short positions compared to yesterday and last week indicates that this trend could be nearing a reversal. Despite the current net-short sentiment, these recent changes hint that a downward shift in the USD/JPY price trend might be imminent.
Source: TradingView, prepared by
For USD/JPY, 40.25% of traders are net-long, with a short-to-long ratio of 1.48 to 1. Net-long traders have increased by 1.25% since yesterday and by 7.52% from last week. Conversely, net-short traders have risen by 0.77% since yesterday but have decreased by 16.88% from the previous week. The predominantly net-short positioning suggests that USD/JPY prices could continue to rise. However, the reduction in net-short positions relative to yesterday and last week may indicate a potential reversal in the current trend, suggesting that USD/JPY prices might soon decline.
