Trend Table for EC - Ecopetrol S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 12	F	Weak or Absent	Down	Down	Down	22.44%
Dec 9	F	Weak or Absent	Down	Down	Down	22.97%
Dec 8	F	Weak or Absent	Down	Down	Down	20.45%
Dec 7	D	Weak or Absent	Down	Down	Down	20.45%
Dec 6	D	Weak or Absent	Down	Down	Down	20.58%
Dec 5	D	Weak or Absent	Down	Down	Down	21.77%
Dec 2	D	Weak or Absent	Down	Down	Down	15.72%
Dec 1	D	Weak or Absent	Down	Down	Down	15.84%
Nov 30	D	Weak or Absent	Down	Up	Down	13.25%
Nov 29	C	Weak or Absent	Down	Up	Up	7.90%