Trend Table for EC - Ecopetrol S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Aug 23	A	Weak or Absent	Up	Up	Up	5.66%
Aug 22	A	Weak or Absent	Up	Up	Flat	6.50%
Aug 21	A	Weak or Absent	Up	Up	Down	6.69%
Aug 18	A	Weak or Absent	Up	Up	Down	6.41%
Aug 17	A	Weak or Absent	Up	Up	Down	7.17%
Aug 16	A	Weak or Absent	Up	Up	Down	7.75%
Aug 15	B	Weak or Absent	Up	Up	Down	7.94%
Aug 14	B	Weak or Absent	Up	Up	Down	6.50%
Aug 11	A	Strong	Up	Up	Up	3.65%
Aug 10	A	Strong	Up	Up	Flat	4.64%