LONDON, March 20, 2013 /PRNewswire/ --

Markets continued their pullback as Cyprus declined the proposed bailout. Uncertainty about the international economic scene dragged the stocks down. Industrial metals stocks were already lagging behind the market and with the new developments they took another tumble. On the other hand, the Feds are likely to keep their stimulus plan going. Our research team tracked the Basic Material sector, selecting major companies like Cliffs Natural Resources Inc. (NYSE: CLF), Peabody Energy Corporation (NYSE: BTU), McEwen Mining Inc. (NYSE: MUX) and Walter Energy Inc. (NYSE: WLT) from the Industrial Metals & Minerals industry. StockCall initiated free in-depth technical analysis on CLF, BTU, MUX, and WLT which are currently available upon sign up at

http://www.stockcall.com/research

Cliffs Natural Resources Inc.'s stock closed at $20.33, 6.61 percent down. The stock traded in the range of $20.06 and $21.54 during Tuesday's session and is currently marginally above its 20-day moving average price of $20.31. Cliffs Natural lost 6.61 percent this year. It traded 21.79 million shares, in comparison to its regular trading volume of 10.43 million shares. The stock is in a bearish phase and its first resistance level is at $21.95. On the downside, its first support is at $20.05. Upon breaching this level, its second support level is at 19.88. Sign up for the free technical analysis on CLF at

http://www.StockCall.com/CLF032013.pdf

With a sharp decline in its previous trading session, Peabody Energy Corporation extended its loss for the year to 16.21 percent. It has lost 36.09 percent in the past 52 weeks. On Tuesday, the stock closed 3.93 percent down at $21.25 on volume of 9.60 million shares. Its average trading volume stands at 7.26 million shares. The company's shares currently face resistance at around $21.91. The stock has support at around $20.51. It is currently trading below its 20-day and 50-day moving averages, which is a bearish signal. The stock is also highly volatile as it commands beta of 1.39. Download the free report on BTU by registering at

http://www.StockCall.com/BTU032013.pdf

McEwen Mining Inc. traded in the range of $2.71 and $2.81 during its previous trading session. It opened at $2.80 and closed at $2.74, down 2.49 percent yesterday. The stock is currently in a bearish mode and has its first resistance level at $2.83. Upon breaching this level, the company may go as high as $2.95. It traded 2.01 million shares and is trading marginally above its 20-day moving average price. Its first support level is at $2.69. Upon breaching this level, the stock may tumble down to $2.48. So far this year, the stock declined 25.54 percent. The free report on MUX can be downloaded by signing up now at

http://www.StockCall.com/MUX032013.pdf

In-line with the downward trend shown by broad market indices, Walter Energy Inc.'s stock finished 2.69 percent lower at $28.55, with volume up from daily average of 2.90 million to 3.73 million. The company's stock is down in 2013 with its year-to-date loss at 15.58 percent. The stock currently shows a bearish trend which is further confirmed by the stock's MACD chart. Walter Energy has its first support level at $28.16. In the coming sessions, the stock is likely to go as high as $29.70. it lost 54.29 percent of its value in the past 52 weeks. Free report on WLT can be accessed by registering at

http://www.StockCall.com/WLT032013.pdf

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