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 15	C	Weak or Absent	Down	Up	Up	-37.95%
May 12	B	Weak or Absent	Down	Up	Flat	-37.17%
May 11	B	Weak or Absent	Down	Up	Up	-38.86%
May 10	C	Weak or Absent	Down	Up	Up	-41.03%
May 9	B	Weak or Absent	Down	Up	Up	-39.70%
May 8	C	Weak or Absent	Down	Up	Up	-39.23%
May 5	C	Weak or Absent	Down	Up	Up	-36.84%
May 4	C	Weak or Absent	Down	Down	Down	-34.85%
May 3	D	Weak or Absent	Down	Down	Down	-33.58%
May 2	C	Weak or Absent	Down	Down	Down	-33.99%