Trend Table for EC - Ecopetrol S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 31	C	Weak or Absent	Up	Up	Up	-14.67%
Jan 30	C	Weak or Absent	Up	Up	Up	-16.21%
Jan 29	C	Weak or Absent	Up	Up	Up	-16.07%
Jan 26	C	Weak or Absent	Up	Up	Up	-16.48%
Jan 25	C	Weak or Absent	Up	Up	Up	-14.39%
Jan 24	D	Weak or Absent	Up	Down	Down	-12.49%
Jan 23	D	Weak or Absent	Up	Down	Down	-11.97%
Jan 22	D	Weak or Absent	Up	Down	Down	-11.51%
Jan 19	D	Weak or Absent	Up	Down	Down	-12.04%
Jan 18	C	Weak or Absent	Up	Flat	Down	-12.42%