Trend Table for EC - Ecopetrol S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 19	B	Weak or Absent	Up	Up	Up	-3.94%
Jul 18	B	Weak or Absent	Up	Up	Up	-3.42%
Jul 17	B	Weak or Absent	Up	Up	Up	-1.98%
Jul 14	B	Weak or Absent	Up	Up	Up	-1.06%
Jul 13	B	Weak or Absent	Up	Up	Up	-3.68%
Jul 12	B	Weak or Absent	Up	Up	Up	-2.16%
Jul 11	B	Weak or Absent	Up	Up	Up	-0.50%
Jul 10	B	Weak or Absent	Up	Up	Up	1.32%
Jul 7	B	Weak or Absent	Up	Up	Flat	1.81%
Jul 6	B	Weak or Absent	Up	Up	Down	4.44%