Trend Table for EC - Ecopetrol S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Feb 23	D	Weak or Absent	Down	Up	Up	4.17%
Feb 22	D	Weak or Absent	Down	Down	Down	7.90%
Feb 21	D	Weak or Absent	Down	Down	Down	7.28%
Feb 17	D	Weak or Absent	Down	Down	Down	8.01%
Feb 16	D	Weak or Absent	Down	Up	Down	4.57%
Feb 15	D	Weak or Absent	Down	Flat	Down	5.76%
Feb 14	D	Weak or Absent	Down	Up	Down	3.88%
Feb 13	D	Weak or Absent	Down	Up	Flat	2.64%
Feb 10	C	Weak or Absent	Down	Up	Flat	1.89%
Feb 9	D	Weak or Absent	Down	Up	Down	6.26%