Trend Table for EC - Ecopetrol S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jun 20	B	Weak or Absent	Up	Up	Flat	2.11%
Jun 16	B	Weak or Absent	Up	Up	Up	0.84%
Jun 15	B	Weak or Absent	Up	Up	Up	1.03%
Jun 14	B	Weak or Absent	Up	Up	Up	2.70%
Jun 13	B	Weak or Absent	Up	Up	Up	3.21%
Jun 12	B	Weak or Absent	Up	Up	Up	3.62%
Jun 9	B	Weak or Absent	Up	Up	Up	1.32%
Jun 8	C	Weak or Absent	Up	Up	Up	1.22%
Jun 7	C	Weak or Absent	Up	Up	Up	2.21%
Jun 6	C	Weak or Absent	Up	Up	Up	4.54%