Trend Table for VALE - VALE S.A.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 20	D	Weak or Absent	Flat	Up	Up	-19.58%
May 17	C	Weak or Absent	Flat	Up	Up	-20.01%
May 16	D	Weak or Absent	Down	Up	Up	-17.93%
May 15	D	Weak or Absent	Down	Up	Flat	-17.27%
May 14	C	Weak or Absent	Down	Up	Flat	-17.27%
May 13	C	Weak or Absent	Down	Up	Up	-17.34%
May 10	C	Weak or Absent	Down	Up	Flat	-16.47%
May 9	C	Weak or Absent	Down	Up	Up	-17.40%
May 8	C	Weak or Absent	Down	Up	Up	-17.21%
May 7	C	Weak or Absent	Down	Up	Up	-18.12%