FTSE100 is one of the best performing index in European market and has jumped more than 12.5% in past 3-months on account of positive Brexit news and strong global market due to easing US-China trade tensions. EU27 said that Brexit can be extended till Apr 12th and max extension can be May 22 if House of common approves the twice rejected withdrawal agreement. It hits high of 7371 and is currently trading around 7296.
On the lower side, near term support is around 7280 and any violation below will drag the index to next level till 7240 (200- day MA)/7215 (300- day EMA)/7180.
The major resistance is around 7385 (61.8% fib) and any break above will take the FTSE till 7420/7460 in short term.
It is good to sell on rallies around 7320-25 with SL around 7375 for the TP of 7215.
