Trend Table for EC - Ecopetrol S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jun 28	B	Weak or Absent	Up	Up	Flat	13.97%
Jun 27	B	Weak or Absent	Up	Up	Down	14.86%
Jun 26	A	Weak or Absent	Up	Up	Up	12.66%
Jun 23	B	Weak or Absent	Up	Up	Down	14.75%
Jun 22	A	Weak or Absent	Up	Up	Up	12.34%
Jun 21	B	Weak or Absent	Up	Up	Up	11.28%
Jun 20	B	Weak or Absent	Up	Up	Flat	14.08%
Jun 16	B	Weak or Absent	Up	Up	Up	12.66%
Jun 15	B	Weak or Absent	Up	Up	Up	12.88%
Jun 14	B	Weak or Absent	Up	Up	Up	14.75%