Trend Table for VR8 - Vanadium Resources Limited

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 13	F	Weak or Absent	Down	Down	Down	-54.39%
Dec 12	F	Weak or Absent	Down	Down	Down	-55.93%
Dec 9	D	Weak or Absent	Down	Down	Up	-56.67%
Dec 8	D	Weak or Absent	Down	Down	Flat	-55.93%
Dec 7	F	Weak or Absent	Down	Down	Down	-55.17%
Dec 6	D	Weak or Absent	Down	Down	Up	-56.67%
Dec 5	D	Weak or Absent	Down	Down	Up	-56.67%
Dec 2	D	Weak or Absent	Down	Down	Up	-58.06%
Dec 1	D	Weak or Absent	Down	Down	Up	-58.06%
Nov 30	F	Weak or Absent	Down	Down	Down	-54.39%