Trend Table for EC - Ecopetrol S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 17	D	Weak or Absent	Up	Down	Down	-24.00%
Jul 16	D	Weak or Absent	Up	Down	Down	-24.34%
Jul 15	D	Weak or Absent	Up	Flat	Flat	-25.43%
Jul 12	D	Weak or Absent	Up	Flat	Flat	-25.56%
Jul 11	C	Weak or Absent	Up	Flat	Flat	-25.63%
Jul 10	D	Weak or Absent	Up	Down	Flat	-25.22%
Jul 9	D	Weak or Absent	Up	Down	Flat	-25.16%
Jul 8	C	Weak or Absent	Up	Flat	Flat	-25.82%
Jul 5	B	Weak or Absent	Up	Flat	Flat	-25.82%
Jul 3	B	Weak or Absent	Up	Up	Flat	-26.09%