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FTSE 100 could see 7300
The battle for 7130 goes on, with the level holding for now for the index. For a second day yesterday, dips below 7130 and towards 7100 brought out the buyers, so a bigger drop will require this 30-point zone of support to be firmly broken.
This would then open the way to 7050 and potentially down to the 100-day simple moving average (SMA) at 6977.
If 7130 holds then we look to the 7200 area as the first point of potential resistance, and then on to 7246 and 7300.
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