• Major support – 7130 (resistance turned into support).
   
• Major resistance – 7210 (10- day MA).
     
• FTSE100 breaks major support at 7130 and declined till 7116 at the time of writing. It is currently trading around 7132.
   
• The index is trading slightly below major support 7130 and this confirms minor weakness, a decline till 7075/7000 is possible.
   
• On the higher side, resistance is around 7176 (daily Kijun-sen) and any break above 7176 will take the index till 7215 (21- day MA) / 7265 (61.8% retracement of 7359 and 7116).
   
• Overall trend reversal only above 7360 level.
  
  It is good to sell on rallies around 7130-7135 with SL around 7176 for the TP of 7075/7000