Cliff Natural Resources Finally Pulls Back. Watch These Levels

Cliffs Natural Resources Inc.CLF is finally pulling back today trading lower by $1.46 to $83.77. The stock has been one of the leading commodity names making a new 52 week high yesterday. CLF will have good short term intra-day support around the $82.60 level. Should the stock fail to find support around that level the $82.00 support area could be in play. Traders can expect small intra-day bounces from both levels. Many leading commodities rolled over yesterday and sold off on heavy volume. Today there is still more weakness in the oil, gold, silver, copper, and most other commodity markets. Nicholas Santiago InTheMoneyStocks.com