Trend Table for EC - Ecopetrol S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 27	C	Weak or Absent	Down	Up	Up	9.59%
Dec 23	C	Weak or Absent	Down	Up	Up	11.45%
Dec 22	D	Weak or Absent	Down	Down	Up	16.80%
Dec 21	D	Weak or Absent	Down	Down	Up	16.08%
Dec 20	D	Weak or Absent	Down	Down	Up	18.67%
Dec 19	D	Weak or Absent	Down	Down	Flat	21.77%
Dec 16	F	Weak or Absent	Down	Down	Down	25.04%
Dec 15	F	Weak or Absent	Down	Down	Down	23.52%
Dec 14	F	Weak or Absent	Down	Down	Down	21.90%
Dec 13	D	Weak or Absent	Down	Down	Flat	18.92%