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Retail Sentiment Analysis: AUD/USD, Oil, S&P 500 Positioning
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Retail Sentiment Analysis: AUD/USD, Oil, S&P 500 Positioning
Aug 2, 2024 1:44 AM

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AUD/USD

AUD/USD: Retail trading statistics indicate 81.92% of participants hold long positions, with a long-to-short ratio of 4.53:1. Long positions have increased by 2.53% daily and 6.08% weekly, while short positions have decreased by 10.24% daily and 16.94% weekly.

Adopting a contrarian approach to market sentiment suggests potential downward pressure on AUD/USD prices. The increased net-long positioning compared to yesterday and last week reinforces our .

AUD/USD Daily Chart

Oil - US Crude

Oil - WTI: Market data reveals 83.60% of retail traders are long, with a 5.10:1 long-to-short ratio. Long positions have grown by 4.58% daily and 14.48% weekly, while short positions have declined by 19.26% daily and 20.72% weekly.

When adopting a contrarian stance on market sentiment, the predominance of long positions implies a potential decline in Oil - US Crude prices. The increase in net-long positions over both daily and weekly timeframes .

Oil (WTI) Daily Chart

SP 500

US 500: Retail trading figures show 47.75% of traders are long, with a short-to-long ratio of 1.09:1. Long positions have increased by 8.13% daily but decreased by 6.47% weekly. Short positions have fallen by 10.11% daily but risen by 2.17% weekly.

Our contrarian approach to market sentiment suggests the prevalence of short positions may lead to continued price appreciation in the US 500. However, the mixed positioning changes across different timeframes result in a more nuanced, .

SP 500 Daily Chart

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