FTSE100 Index: Fighting hard for support at a 7292/7225 CC support zone! Rebound rally coming if support holds at this range!

 FTSE100 Index: Fighting hard for support at a 7292/7225 Cloud Chart (CC) support zone! Rebound rally coming if support holds at this range! 

This comes soon after hitting a sell signal when the FTSE100 lost support at the bottom end of the cloud! The other major sell signal was around the 8000 zone and then again at 7600 zone. 

If support holds can see a rebound relief rally towards the upside resistance zones of 7438/7587 and the bottom end of the CC at 7675. 

Risk remain in place since price action is below the cloud and that remains bearish long-term on the daily CC chart. Short-term rebound swing trades are the best strategy around support levels.

So far so good the FTSE100 is testing support at a critical CC level on the weekly CC. Rebound potential here if support holds.