• Major support – 7180 (23.6% retracement of 6606 and 7359)
   
• Major resistance – 7360
   
• FTSE100 has broken minor pschycological support 7200 and declined till 7190 yesterday.it is currently trading around 7209.
   
• The index is facing strong support at 23.6%fibo and any break below confirms minor weakness.
   
• On the lower side, major support is at 7180 and any close below that level will drag the index down till 7130 (resistance turned into support)/7071/7000.
   
• The minor resistance is around 7260 (38.2% retracement of 7359 and 7190) and any break above temporary top will take the index till 7300/7359 (Jan 16th high).
  
  It is good to sell below 7180 with SL around 7260 for the TP of 7075/7000.