Trend Table for VALE - VALE S.A.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Sep 18	D	Weak or Absent	Down	Up	Up	11.87%
Sep 17	D	Weak or Absent	Down	Up	Up	11.34%
Sep 16	D	Weak or Absent	Down	Up	Up	11.24%
Sep 13	D	Weak or Absent	Down	Flat	Up	12.08%
Sep 12	D	Weak or Absent	Down	Down	Up	13.60%
Sep 11	F	Weak or Absent	Down	Down	Flat	15.26%
Sep 10	F	Weak or Absent	Down	Down	Down	18.87%
Sep 9	F	Weak or Absent	Down	Down	Down	16.17%
Sep 6	F	Weak or Absent	Down	Down	Down	16.29%
Sep 5	F	Weak or Absent	Down	Down	Down	15.04%