Trend Table for EC - Ecopetrol S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 9	C	Weak or Absent	Up	Up	Down	-21.46%
Jan 8	B	Weak or Absent	Up	Up	Up	-22.62%
Jan 5	A	Weak or Absent	Up	Up	Up	-24.47%
Jan 4	A	Weak or Absent	Up	Up	Up	-22.43%
Jan 3	A	Weak or Absent	Up	Up	Up	-23.06%
Jan 2	C	Weak or Absent	Up	Up	Flat	-20.74%
Dec 29	C	Weak or Absent	Up	Up	Down	-20.47%
Dec 28	C	Weak or Absent	Up	Up	Flat	-20.81%
Dec 27	B	Weak or Absent	Up	Up	Up	-21.79%
Dec 26	B	Weak or Absent	Up	Up	Up	-22.43%