Trend Table for EC - Ecopetrol S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Mar 31	C	Weak or Absent	Up	Down	Up	14.68%
Mar 30	D	Weak or Absent	Flat	Down	Up	16.56%
Mar 29	D	Weak or Absent	Down	Down	Up	17.12%
Mar 28	D	Weak or Absent	Down	Down	Up	17.92%
Mar 27	D	Weak or Absent	Down	Down	Flat	21.22%
Mar 24	D	Weak or Absent	Down	Down	Down	26.02%
Mar 23	D	Weak or Absent	Down	Down	Down	25.24%
Mar 22	D	Weak or Absent	Down	Down	Down	20.74%
Mar 21	F	Weak or Absent	Down	Down	Down	18.50%
Mar 20	D	Weak or Absent	Down	Down	Down	23.07%