Trend Table for EC - Ecopetrol S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 26	A	Strong	Up	Up	Up	4.53%
Jul 25	A	Strong	Up	Up	Up	4.44%
Jul 24	A	Strong	Up	Up	Up	5.00%
Jul 21	B	Weak or Absent	Up	Up	Up	6.61%
Jul 20	B	Weak or Absent	Up	Up	Up	7.19%
Jul 19	B	Weak or Absent	Up	Up	Up	7.68%
Jul 18	B	Weak or Absent	Up	Up	Up	8.27%
Jul 17	B	Weak or Absent	Up	Up	Up	9.88%
Jul 14	B	Weak or Absent	Up	Up	Up	10.92%
Jul 13	B	Weak or Absent	Up	Up	Up	7.98%