Trend Table for VALE - VALE S.A.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Aug 20	D	Weak or Absent	Down	Down	Up	9.78%
Aug 19	F	Strong	Down	Down	Up	8.42%
Aug 16	D	Strong	Down	Down	Flat	11.83%
Aug 15	D	Strong	Down	Down	Flat	11.61%
Aug 14	D	Strong	Down	Down	Flat	12.16%
Aug 13	D	Strong	Down	Down	Up	10.20%
Aug 12	D	Strong	Down	Down	Up	10.85%
Aug 9	D	Strong	Down	Down	Up	10.95%
Aug 8	F	Strong	Down	Down	Flat	12.05%
Aug 7	F	Strong	Down	Down	Down	12.60%