Trend Table for EC - Ecopetrol S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Aug 1	B	Strong	Up	Up	Up	-7.91%
Jul 31	A	Strong	Up	Up	Up	-10.03%
Jul 28	A	Strong	Up	Up	Up	-6.60%
Jul 27	A	Strong	Up	Up	Up	-4.92%
Jul 26	A	Strong	Up	Up	Up	-6.69%
Jul 25	A	Strong	Up	Up	Up	-6.77%
Jul 24	A	Strong	Up	Up	Up	-6.27%
Jul 21	B	Weak or Absent	Up	Up	Up	-4.83%
Jul 20	B	Weak or Absent	Up	Up	Up	-4.32%
Jul 19	B	Weak or Absent	Up	Up	Up	-3.88%