Trend Table for EC - Ecopetrol S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Mar 17	D	Weak or Absent	Down	Down	Down	22.87%
Mar 16	D	Weak or Absent	Down	Down	Down	20.55%
Mar 15	D	Weak or Absent	Down	Down	Down	21.39%
Mar 14	C	Weak or Absent	Down	Down	Down	15.62%
Mar 13	C	Weak or Absent	Down	Down	Down	17.07%
Mar 10	B	Weak or Absent	Flat	Down	Down	11.79%
Mar 9	B	Weak or Absent	Up	Flat	Down	10.37%
Mar 8	B	Weak or Absent	Up	Up	Up	7.35%
Mar 7	B	Weak or Absent	Up	Up	Up	7.92%
Mar 6	B	Weak or Absent	Up	Up	Up	4.31%