Trend Table for EC - Ecopetrol S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 8	A	Weak or Absent	Up	Up	Up	-20.37%
Dec 7	C	Weak or Absent	Up	Up	Down	-18.12%
Dec 6	C	Weak or Absent	Up	Up	Down	-17.52%
Dec 5	C	Weak or Absent	Up	Up	Down	-19.42%
Dec 4	C	Weak or Absent	Up	Up	Flat	-19.87%
Nov 30	B	Weak or Absent	Up	Up	Up	-19.68%
Nov 29	A	Weak or Absent	Up	Up	Up	-20.31%
Nov 28	A	Weak or Absent	Up	Up	Up	-21.30%
Nov 27	A	Weak or Absent	Up	Up	Up	-20.62%
Nov 24	A	Weak or Absent	Up	Up	Up	-20.56%