USD/JPY IG Client Sentiment: Our data shows traders are now net-long USD/JPY for the first time since Aug 25, 2021 15:00 GMT when USD/JPY traded near 110.00.

USD/JPY IG Client Sentiment: Our data shows traders are now net-long USD/JPY for the first time since Aug 25, 2021 15:00 GMT when USD/JPY traded near 110.00.

Number of traders net-short has decreased by 9.64% from last week.

SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI USD/JPY BEARISH 50.22% 49.78% 7.75% Daily 5.91% Weekly 2.12% Daily -9.64% Weekly 4.87% Daily -2.45% Weekly

USD/JPY: Retail trader data shows 50.22% of traders are net-long with the ratio of traders long to short at 1.01 to 1. In fact, traders have remained net-long since Aug 25 when USD/JPY traded near 110.00, price has moved 0.02% lower since then. The number of traders net-long is 7.75% higher than yesterday and 5.91% higher from last week, while the number of traders net-short is 2.12% higher than yesterday and 9.64% lower from last week.

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

Our data shows traders are now net-long USD/JPY for the first time since Aug 25, 2021 15:00 GMT when USD/JPY traded near 110.00. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/JPY-bearish contrarian trading bias.

Oil - US Crude IG Client Sentiment: Our data shows traders are now net-short Oil - US Crude for the first time since Aug 02, 2021 when Oil - US Crude traded near 7,092.50.

Number of traders net-short has increased by 22.34% from last week.

SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI Oil - US Crude BULLISH 48.50% 51.50% -19.28% Daily -17.65% Weekly 29.44% Daily 22.34% Weekly 0.13% Daily -0.98% Weekly

Oil - US Crude: Retail trader data shows 48.50% of traders are net-long with the ratio of traders short to long at 1.06 to 1. In fact, traders have remained net-short since Aug 02 when Oil - US Crude traded near 7,092.50, price has moved 1.03% lower since then. The number of traders net-long is 19.28% lower than yesterday and 17.65% lower from last week, while the number of traders net-short is 29.44% higher than yesterday and 22.34% higher from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests Oil - US Crude prices may continue to rise.

Our data shows traders are now net-short Oil - US Crude for the first time since Aug 02, 2021 when Oil - US Crude traded near 7,092.50. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Oil - US Crude-bullish contrarian trading bias.

Gold IG Client Sentiment: Our data shows traders are now at their least net-long Gold since Aug 09 when Gold traded near 1,730.91.

Number of traders net-short has decreased by 4.33% from last week.

SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI Gold BULLISH 69.77% 30.23% -2.34% Daily -11.74% Weekly 9.72% Daily -4.33% Weekly 1.02% Daily -9.62% Weekly

Gold: Retail trader data shows 69.77% of traders are net-long with the ratio of traders long to short at 2.31 to 1. Our data shows traders are now at their least net-long Gold since Aug 09 when Gold traded near 1,730.91. The number of traders net-long is 2.34% lower than yesterday and 11.74% lower from last week, while the number of traders net-short is 9.72% higher than yesterday and 4.33% lower from last week.

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

Yet traders are less net-long than yesterday and compared with last week. Recent changes in sentiment warn that the current Gold price trend may soon reverse higher despite the fact traders remain net-long.