Trend Table for EC - Ecopetrol S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 15	D	Weak or Absent	Down	Down	Up	27.55%
May 12	D	Weak or Absent	Down	Down	Up	26.46%
May 11	D	Weak or Absent	Down	Down	Flat	28.95%
May 10	F	Weak or Absent	Down	Down	Flat	29.24%
May 9	F	Weak or Absent	Down	Down	Down	29.24%
May 8	F	Weak or Absent	Down	Down	Down	29.80%
May 5	F	Weak or Absent	Down	Down	Down	27.97%
May 4	D	Weak or Absent	Down	Down	Down	35.95%
May 3	F	Weak or Absent	Down	Down	Down	34.40%
May 2	D	Weak or Absent	Down	Down	Down	33.79%