Trend Table for VALE - VALE S.A.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Apr 19	D	Weak or Absent	Down	Down	Up	3.53%
Apr 18	F	Weak or Absent	Down	Down	Down	6.50%
Apr 17	F	Weak or Absent	Down	Down	Down	6.41%
Apr 16	F	Weak or Absent	Down	Down	Down	8.05%
Apr 15	D	Weak or Absent	Down	Down	Down	5.08%
Apr 12	F	Weak or Absent	Down	Down	Down	4.91%
Apr 11	D	Weak or Absent	Down	Down	Flat	3.62%
Apr 10	F	Weak or Absent	Down	Down	Flat	3.79%
Apr 9	D	Weak or Absent	Down	Down	Up	0.88%
Apr 8	D	Weak or Absent	Down	Down	Up	0.88%