Trend Table for EC - Ecopetrol S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Mar 23	D	Weak or Absent	Down	Down	Down	15.31%
Mar 22	D	Weak or Absent	Down	Down	Down	11.17%
Mar 21	F	Weak or Absent	Down	Down	Down	9.10%
Mar 20	D	Weak or Absent	Down	Down	Down	13.32%
Mar 17	D	Weak or Absent	Down	Down	Down	12.74%
Mar 16	D	Weak or Absent	Down	Down	Down	10.62%
Mar 15	D	Weak or Absent	Down	Down	Down	11.39%
Mar 14	C	Weak or Absent	Down	Down	Down	6.09%
Mar 13	C	Weak or Absent	Down	Down	Down	7.42%
Mar 10	B	Weak or Absent	Flat	Down	Down	2.58%