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 20	D	Weak or Absent	Down	Up	Up	-3.75%
May 17	D	Weak or Absent	Down	Flat	Up	-1.19%
May 16	F	Weak or Absent	Down	Down	Up	0.67%
May 15	D	Weak or Absent	Down	Flat	Up	-1.13%
May 14	F	Weak or Absent	Down	Down	Up	2.16%
May 13	F	Weak or Absent	Down	Down	Up	3.34%
May 10	F	Weak or Absent	Down	Down	Up	1.42%
May 9	F	Weak or Absent	Down	Down	Up	2.91%
May 8	F	Weak or Absent	Down	Down	Flat	4.22%
May 7	F	Weak or Absent	Down	Down	Up	2.85%