Trend Table for EC - Ecopetrol S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jun 3	B	Weak or Absent	Up	Up	Flat	-27.00%
May 31	A	Weak or Absent	Up	Up	Up	-27.71%
May 30	A	Weak or Absent	Up	Up	Up	-27.59%
May 29	A	Weak or Absent	Up	Up	Up	-27.71%
May 28	A	Weak or Absent	Up	Up	Up	-28.47%
May 24	C	Weak or Absent	Up	Up	Down	-25.41%
May 23	B	Weak or Absent	Up	Up	Down	-25.09%
May 22	C	Weak or Absent	Up	Up	Down	-25.16%
May 21	B	Weak or Absent	Up	Up	Up	-27.65%
May 20	A	Weak or Absent	Up	Up	Up	-27.71%