Trend Table for EC - Ecopetrol S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Mar 28	D	Weak or Absent	Up	Up	Up	-13.30%
Mar 27	D	Weak or Absent	Up	Down	Up	-9.40%
Mar 26	D	Weak or Absent	Up	Down	Up	-6.51%
Mar 25	D	Weak or Absent	Up	Down	Up	-6.94%
Mar 22	D	Weak or Absent	Flat	Down	Flat	-5.04%
Mar 21	D	Weak or Absent	Up	Down	Up	-5.83%
Mar 20	D	Strong	Up	Down	Up	-6.85%
Mar 19	D	Strong	Flat	Down	Up	-5.48%
Mar 18	D	Strong	Flat	Down	Up	-4.96%
Mar 15	D	Strong	Up	Down	Up	-6.94%