Trend Table for EC - Ecopetrol S.A.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 5	B	Weak or Absent	Up	Flat	Flat	0.00%
Jul 3	B	Weak or Absent	Up	Up	Flat	-0.35%
Jul 2	C	Weak or Absent	Up	Flat	Down	0.81%
Jul 1	C	Weak or Absent	Up	Down	Down	1.17%
Jun 28	B	Weak or Absent	Up	Flat	Flat	0.36%
Jun 27	B	Weak or Absent	Up	Flat	Down	0.63%
Jun 26	B	Weak or Absent	Up	Flat	Flat	0.54%
Jun 25	B	Weak or Absent	Up	Flat	Flat	0.54%
Jun 24	A	Weak or Absent	Up	Up	Up	-5.39%
Jun 21	B	Weak or Absent	Up	Up	Up	-0.11%