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- Major resistance -7070
- Major support – 7000
- FTSE 100 breaks the 7000 (trend line joining 6767 and 6935) and declined till 6971 at the time of writing. It is currently trading around 6980.
- On the lower side, any break below 7000 confirms minor trend reversal decline till 6935/6892 (200- 4H MA)/6831 (61.8% retracement of 6646 and 7130)/6767.
- The major resistance is around 7070 and any violation above 7070 targets 7130/7155.
- Overall trend reversal only above 7130.
It is good to sell on rallies around 6985-6990 with SL around 7070 for the TP of 6835/6770.
