Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Cliffs Natural fades From The Intra-day Highs. Watch This Support Level

|Includes: Cleveland-Cliffs, Inc. (CLF)

 Cliffs Natural Resources Inc.(NYSE:CLF) has faded from its intra-day high this morning. The leading iron ore pellet producer may trade inverse to the U.S. Dollar Index, therefore, one eye must be kept on a U.S. Dollar Index chart at all times. The next important support area for CLF looks to be around the $98.00 level.

InTheMoneyStocks.com