• Major support – 7130 (resistance turned into support).
   
• Major resistance – 7360
   
• FTSE100 has broken major support at 20- day MA and declined till 7129 at the time of writing. It is currently trading around 7141.
   
• The index is facing strong support at 7130 and any break below will drag the FTSE10 down till 7071/7032 (60- day EMA).
   
• On the higher side, resistance is around 7186 (21-day MA) and any break above will take the index to next level till 7225/7268 (daily Tenken-Sen)/7300 .
  
  It is good to sell on rallies around 7145-55 with SL around 7200 for the TP of 7075/7000