Trend Table for CES1 - iShares MSCI EMU Small Cap UCITS ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 1	A	Weak or Absent	Up	Up	Flat	0.00%
Apr 30	A	Weak or Absent	Up	Up	Up	-0.75%
Apr 29	A	Weak or Absent	Up	Up	Up	-1.06%
Apr 26	A	Weak or Absent	Up	Up	Up	-0.43%
Apr 25	B	Weak or Absent	Up	Up	Flat	0.65%
Apr 24	A	Weak or Absent	Up	Up	Up	-0.48%
Apr 23	A	Weak or Absent	Up	Up	Up	-0.91%
Apr 22	A	Weak or Absent	Up	Up	Flat	-0.12%
Apr 19	A	Weak or Absent	Up	Up	Down	0.97%
Apr 18	A	Weak or Absent	Up	Up	Down	0.59%