Trend Table for VALE - VALE S.A.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 24	F	Strong	Down	Down	Down	11.57%
Jul 23	F	Weak or Absent	Down	Down	Down	10.53%
Jul 22	F	Weak or Absent	Down	Down	Down	9.02%
Jul 19	F	Weak or Absent	Down	Down	Down	8.92%
Jul 18	F	Weak or Absent	Down	Down	Down	8.82%
Jul 17	F	Weak or Absent	Down	Down	Down	6.20%
Jul 16	F	Weak or Absent	Down	Down	Flat	3.61%
Jul 15	F	Weak or Absent	Down	Down	Flat	3.43%
Jul 12	F	Weak or Absent	Down	Down	Up	3.34%
Jul 11	F	Weak or Absent	Down	Down	Flat	4.52%