Trend Table for EC - Ecopetrol S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 2	C	Weak or Absent	Up	Up	Flat	-14.17%
Dec 29	C	Weak or Absent	Up	Up	Down	-13.89%
Dec 28	C	Weak or Absent	Up	Up	Flat	-14.25%
Dec 27	B	Weak or Absent	Up	Up	Up	-15.31%
Dec 26	B	Weak or Absent	Up	Up	Up	-16.00%
Dec 22	B	Weak or Absent	Up	Up	Flat	-14.03%
Dec 21	B	Weak or Absent	Up	Up	Flat	-14.03%
Dec 20	C	Weak or Absent	Up	Up	Down	-12.57%
Dec 19	B	Weak or Absent	Up	Up	Up	-14.39%
Dec 18	B	Weak or Absent	Up	Up	Up	-15.04%