Trend Table for EC - Ecopetrol S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Sep 13	A	Weak or Absent	Up	Up	Up	-13.64%
Sep 12	A	Weak or Absent	Up	Up	Up	-14.41%
Sep 11	A	Weak or Absent	Up	Up	Up	-12.13%
Sep 8	A	Weak or Absent	Up	Up	Up	-12.35%
Sep 7	A	Weak or Absent	Up	Up	Up	-11.32%
Sep 6	A	Weak or Absent	Up	Up	Up	-11.62%
Sep 5	A	Weak or Absent	Up	Up	Up	-11.02%
Sep 1	A	Weak or Absent	Up	Up	Up	-10.57%
Aug 31	A	Weak or Absent	Up	Up	Up	-9.73%
Aug 30	A	Weak or Absent	Up	Up	Up	-11.84%