Trend Table for EC - Ecopetrol S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 5	B	Weak or Absent	Up	Up	Flat	1.52%
Jul 3	B	Weak or Absent	Up	Up	Up	0.84%
Jun 30	C	Weak or Absent	Up	Up	Down	2.80%
Jun 29	C	Weak or Absent	Up	Up	Down	2.31%
Jun 28	B	Weak or Absent	Up	Up	Flat	2.01%
Jun 27	B	Weak or Absent	Up	Up	Down	2.80%
Jun 26	A	Weak or Absent	Up	Up	Up	0.84%
Jun 23	B	Weak or Absent	Up	Up	Down	2.70%
Jun 22	A	Weak or Absent	Up	Up	Up	0.55%
Jun 21	B	Weak or Absent	Up	Up	Up	-0.40%