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

Apr. 01, 2011 10:59 AM ETCLF
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 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.


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