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 24	F	Weak or Absent	Down	Down	Down	11.94%
May 23	F	Weak or Absent	Down	Down	Down	11.75%
May 22	F	Weak or Absent	Down	Down	Flat	8.51%
May 21	D	Weak or Absent	Down	Up	Up	5.03%
May 20	D	Weak or Absent	Down	Up	Up	4.28%
May 17	D	Weak or Absent	Down	Flat	Up	7.05%
May 16	F	Weak or Absent	Down	Down	Up	9.08%
May 15	D	Weak or Absent	Down	Flat	Up	7.12%
May 14	F	Weak or Absent	Down	Down	Up	10.68%
May 13	F	Weak or Absent	Down	Down	Up	11.96%