Trend Table for EC - Ecopetrol S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Nov 22	A	Weak or Absent	Up	Up	Up	-18.32%
Nov 21	A	Weak or Absent	Up	Up	Up	-18.84%
Nov 20	A	Weak or Absent	Up	Up	Up	-18.77%
Nov 17	A	Weak or Absent	Up	Up	Up	-17.45%
Nov 16	B	Weak or Absent	Up	Flat	Down	-14.16%
Nov 15	B	Weak or Absent	Up	Up	Flat	-15.03%
Nov 14	A	Weak or Absent	Up	Up	Up	-15.87%
Nov 13	B	Weak or Absent	Up	Up	Flat	-14.81%
Nov 10	A	Weak or Absent	Up	Flat	Down	-13.58%
Nov 9	B	Weak or Absent	Up	Flat	Down	-12.98%