Stock futures gains after the previous day bullish close

The global market situation gets better after Russia announced a partial pullback of their troops. However, NATO accused Russia continue building military troops near the Ukrainian border. Aside from the tension, the UK announced the highest inflation level since 30 years ago. The inflation increased to 5.5% and BOE expect it to peak at 7.25% in April.

Under the current situation, it seems the market might start moving lower again as tension increases and inflation numbers continue to climb globally.

Technical Analysis

Dow Jones Industrial Average (INDU)

DJIA index made a bullish recovery toward the daily SMA 200. If the index gets rejected from the averages and starts moving lower again then traders will expect a continuation of a bearish trend. We think the bearish scenario has a high chance to play out under the current fundamental situation. However, if the index breakout and closes above the bearish trendline then there is a chance of bullish reversal.

Hasbro Inc (HAS)

HAS share prices made a recovery movement and currently trading near the daily SMA 200. There is no major bearish reaction yet. If the share prices get rejected from the averages then traders could enter short positions. A close above daily SMA 200 with strong bullish momentum will cancel the current bearish outlook.