Trend Table for EC - Ecopetrol S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 15	B	Weak or Absent	Up	Up	Up	-14.31%
Dec 14	B	Weak or Absent	Up	Up	Up	-15.31%
Dec 13	B	Weak or Absent	Up	Up	Up	-13.43%
Dec 12	C	Weak or Absent	Up	Up	Down	-11.19%
Dec 11	B	Weak or Absent	Up	Up	Flat	-13.37%
Dec 8	A	Weak or Absent	Up	Up	Up	-13.77%
Dec 7	C	Weak or Absent	Up	Up	Down	-11.33%
Dec 6	C	Weak or Absent	Up	Up	Down	-10.69%
Dec 5	C	Weak or Absent	Up	Up	Down	-12.75%
Dec 4	C	Weak or Absent	Up	Up	Flat	-13.23%