Trend Table for PEO - Adams Natural Resources Fund, Inc.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 20	D	Weak or Absent	Up	Up	Up	20.38%
Dec 19	D	Weak or Absent	Up	Up	Up	19.51%
Dec 18	D	Weak or Absent	Up	Up	Up	20.67%
Dec 15	D	Weak or Absent	Up	Flat	Up	21.66%
Dec 14	D	Weak or Absent	Up	Flat	Up	20.96%
Dec 13	F	Weak or Absent	Flat	Down	Flat	24.01%
Dec 12	F	Weak or Absent	Down	Down	Down	25.51%
Dec 11	F	Weak or Absent	Down	Down	Flat	24.38%
Dec 8	F	Weak or Absent	Down	Down	Down	25.00%
Dec 7	F	Weak or Absent	Down	Down	Down	26.33%