Trend Table for EC - Ecopetrol S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 1	D	Weak or Absent	Down	Down	Down	23.28%
Apr 28	C	Weak or Absent	Up	Down	Down	21.13%
Apr 27	C	Weak or Absent	Down	Down	Down	26.32%
Apr 26	C	Weak or Absent	Down	Down	Down	24.19%
Apr 25	C	Weak or Absent	Up	Down	Down	19.89%
Apr 24	B	Weak or Absent	Up	Up	Up	9.19%
Apr 21	B	Weak or Absent	Up	Up	Down	14.21%
Apr 20	B	Weak or Absent	Up	Up	Down	14.00%
Apr 19	B	Weak or Absent	Up	Up	Down	12.89%
Apr 18	B	Weak or Absent	Up	Up	Flat	11.30%