financetom
News
financetom
/
News
/
Gold, US Oil, S&P 500
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Gold, US Oil, S&P 500
Jul 12, 2024 6:22 AM

Gold, US Oil, SP 500 - Latest Retail Sentiment Analysis

Recommended by Nick Cawley Improve your trading with IG Client Sentiment Data

Gold Retail Sentiment

Recent retail trader data reveals a balanced market, with 49.85% of traders in long positions and a short-to-long ratio of 1.01 to 1. Notable shifts have occurred: long positions have decreased by 13.24% since yesterday and 13.73% over the past week. Conversely, short positions have increased by 8.36% daily and 6.44% weekly.

Our analytical approach often counters prevailing market sentiment. The current net-short positioning implies the potential for Gold price appreciation. The growing short bias observed both daily and weekly, strengthens our contrarian bullish view on Gold.

US Crude Oil Sentiment

Recent data indicates 58.26% of retail traders are net-long, with long positions outweighing short by 1.40 to 1. Net-long traders have decreased by 0.43% daily but increased by 7.19% weekly. Net-short traders have grown by 4.31% since yesterday but declined by 14.98% over the week.

Our strategy often opposes market sentiment. The current net-long majority implies potential US Crude price decreases. However, the conflicting short-term and medium-term changes in positioning yield an ambiguous trading outlook for Oil - US Crude.

SP 500 Sentiment

Retail trader data reveals a bearish tilt, with 36.30% net-long positions and a 1.75 to 1 short-to-long ratio. Net-long traders have grown by 13.58% since yesterday and 6.75% over the week. Net-short traders have declined by 8.07% daily and 2.91% weekly.

Our approach typically contradicts crowd positioning. The dominant net-short sentiment suggests continued US 500 price appreciation. However, the recent decline in net-short positions across both daily and weekly periods indicates a possible reversal in the current US 500 uptrend, despite the persisting net-short majority.

Oil - US Crude Mixed Data provided by of clients are net long. of clients are net short.

Change in Longs Shorts OI
Daily -5% 8% 0%
Weekly 3% -12% -4%
What does it mean for price action? What is your view on Gold, US Oil, and the SP 500 – bullish or bearish?? You can let us know via the form at the end of this piece or contact the author via Twitter .

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Aussie Dollar Reaction: RBA's Firm Stance Collides with Troubling Inflation Expectations
Aussie Dollar Reaction: RBA's Firm Stance Collides with Troubling Inflation Expectations
May 8, 2024
Australian Dollar (AUD/USD) Analysis RBA keeps rates unchanged, surprising marketsInflation proves stubborn, with elevated levels expected until 2025AUD/USD pulls back - AUD more broadly, may find support from interest rate differentials (longer-term)Potential stabilization and benefits for the Aussie dollar amid global risk appetiteGet your hands on the Aussie dollar Q2 outlook today for exclusive insights into key market catalysts that...
Yen moves in negative zone under supervision of Japanese authorities
Yen moves in negative zone under supervision of Japanese authorities
May 8, 2024
Yen declined on Wednesday in Asian trade against a basket of major rivals, extending losses for the third straight session against the dollar and trading below 155 yen per dollar, which boosts the likelihood of another direct intervention by Japanese authorities. Analysts noted that any intervention by the Bank of England would only represent a temporary reprieve for the yen...
EUR/USD, USD/JPY, GBP/USD – Technical Analysis and Price Outlook
EUR/USD, USD/JPY, GBP/USD – Technical Analysis and Price Outlook
May 9, 2024
Want to know where EUR/USD may be headed over the coming months? Explore key insights in our second-quarter forecast. Request your free trading guide now! Recommended by Diego Colman Get Your Free EUR Forecast EUR/USD FORECAST - TECHNICAL ANALYSIS EUR/USD pushed higher on Thursday after bouncing off technical support at 1.0725, with prices challenging a key ceiling near 1.0790, where...
FTSE 100 Makes yet Another Record High while DAX and S&P 500 Rally is Slowing Down
FTSE 100 Makes yet Another Record High while DAX and S&P 500 Rally is Slowing Down
May 8, 2024
FTSE 100, DAX 40, SP 500 Analysis and Charts ​​​FTSE 100 hits yet another record high ​The FTSE 100 has so far seen four straight days of gains with each making a new record high ahead of this morning’s, the fifth day in a row around the 8,350 mark. Further up beckons the 8,500 region. ​The tentative April-to-May uptrend line...
Copyright 2023-2025 - www.financetom.com All Rights Reserved