Trend Table for EC - Ecopetrol S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 1	A	Weak or Absent	Up	Up	Up	-14.38%
Nov 30	B	Weak or Absent	Up	Up	Up	-13.02%
Nov 29	A	Weak or Absent	Up	Up	Up	-13.71%
Nov 28	A	Weak or Absent	Up	Up	Up	-14.78%
Nov 27	A	Weak or Absent	Up	Up	Up	-14.04%
Nov 24	A	Weak or Absent	Up	Up	Up	-13.98%
Nov 22	A	Weak or Absent	Up	Up	Up	-11.55%
Nov 21	A	Weak or Absent	Up	Up	Up	-12.12%
Nov 20	A	Weak or Absent	Up	Up	Up	-12.05%
Nov 17	A	Weak or Absent	Up	Up	Up	-10.61%