Trend Table for VALE - VALE S.A.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Feb 29	F	Weak or Absent	Down	Down	Flat	-7.48%
Feb 28	F	Weak or Absent	Down	Down	Flat	-7.20%
Feb 27	D	Weak or Absent	Flat	Down	Up	-8.91%
Feb 26	F	Weak or Absent	Down	Down	Down	-5.79%
Feb 23	D	Weak or Absent	Down	Down	Up	-7.89%
Feb 22	D	Weak or Absent	Down	Down	Up	-8.16%
Feb 21	D	Weak or Absent	Down	Down	Up	-7.62%
Feb 20	D	Weak or Absent	Down	Down	Flat	-7.20%
Feb 16	D	Strong	Flat	Down	Up	-8.97%
Feb 15	F	Strong	Down	Down	Flat	-6.22%