Trend Table for PALL - ETFS Physical Palladium Shares

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 23	D	Weak or Absent	Down	Down	Down	-33.36%
May 22	C	Weak or Absent	Down	Flat	Down	-34.91%
May 19	C	Weak or Absent	Down	Up	Down	-35.62%
May 18	D	Weak or Absent	Down	Down	Down	-34.19%
May 17	C	Weak or Absent	Down	Up	Down	-35.00%
May 16	C	Weak or Absent	Down	Up	Down	-35.15%
May 15	C	Weak or Absent	Down	Up	Up	-36.51%
May 12	B	Weak or Absent	Down	Up	Flat	-35.71%
May 11	B	Weak or Absent	Down	Up	Up	-37.44%
May 10	C	Weak or Absent	Down	Up	Up	-39.66%