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 10	F	Weak or Absent	Down	Down	Up	9.89%
May 9	F	Weak or Absent	Down	Down	Up	11.50%
May 8	F	Weak or Absent	Down	Down	Flat	12.92%
May 7	F	Weak or Absent	Down	Down	Up	11.44%
May 6	F	Weak or Absent	Down	Down	Up	10.76%
May 3	F	Weak or Absent	Down	Down	Down	14.25%
May 2	F	Weak or Absent	Down	Down	Down	15.59%
May 1	F	Weak or Absent	Down	Down	Down	14.09%
Apr 30	F	Weak or Absent	Down	Down	Down	13.41%
Apr 29	F	Weak or Absent	Down	Down	Down	10.67%