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CLF Is Weak In A Strong Tape

CLF is a major iron ore pellet producer that usually does very when when the U.S. Dollar declines. Today CLF is trading flat on the day trading at $67.35. CLF will have short term intra-day support around the $67.00 level and more around $66.00 should the stock continue to decline. Last night the Shanghai Index sold of by 1.45 percent and often any signs of a slowdown in China will often adversely effect most commodity stocks.