Trend Table for EC - Ecopetrol S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jun 13	B	Weak or Absent	Up	Up	Up	15.31%
Jun 12	B	Weak or Absent	Up	Up	Up	15.77%
Jun 9	B	Weak or Absent	Up	Up	Up	13.20%
Jun 8	C	Weak or Absent	Up	Up	Up	13.10%
Jun 7	C	Weak or Absent	Up	Up	Up	14.19%
Jun 6	C	Weak or Absent	Up	Up	Up	16.80%
Jun 5	C	Weak or Absent	Up	Up	Up	20.88%
Jun 2	C	Weak or Absent	Up	Up	Up	20.63%
Jun 1	D	Weak or Absent	Down	Down	Up	24.85%
May 31	F	Weak or Absent	Down	Down	Down	29.66%