Trend Table for EC - Ecopetrol S.A.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 8	B	Weak or Absent	Up	Up	Up	0.00%
May 7	B	Weak or Absent	Up	Up	Flat	0.69%
May 6	B	Weak or Absent	Up	Up	Down	1.12%
May 3	B	Weak or Absent	Up	Up	Down	1.73%
May 2	B	Weak or Absent	Up	Up	Down	1.73%
May 1	B	Weak or Absent	Up	Up	Down	2.18%
Apr 30	A	Weak or Absent	Up	Up	Flat	1.12%
Apr 29	A	Strong	Up	Up	Up	-2.65%
Apr 26	A	Weak or Absent	Up	Up	Up	-0.93%
Apr 25	A	Weak or Absent	Up	Up	Up	0.86%