Trend Table for EC - Ecopetrol S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 19	D	Weak or Absent	Down	Down	Up	12.22%
May 18	D	Weak or Absent	Down	Down	Up	13.06%
May 17	D	Weak or Absent	Down	Down	Up	11.51%
May 16	D	Weak or Absent	Down	Down	Up	15.04%
May 15	D	Weak or Absent	Down	Down	Up	14.16%
May 12	D	Weak or Absent	Down	Down	Up	13.18%
May 11	D	Weak or Absent	Down	Down	Flat	15.42%
May 10	F	Weak or Absent	Down	Down	Flat	15.67%
May 9	F	Weak or Absent	Down	Down	Down	15.67%
May 8	F	Weak or Absent	Down	Down	Down	16.18%