Trend Table for EC - Ecopetrol S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Feb 16	D	Weak or Absent	Down	Up	Down	13.56%
Feb 15	D	Weak or Absent	Down	Flat	Down	14.85%
Feb 14	D	Weak or Absent	Down	Up	Down	12.82%
Feb 13	D	Weak or Absent	Down	Up	Flat	11.47%
Feb 10	C	Weak or Absent	Down	Up	Flat	10.66%
Feb 9	D	Weak or Absent	Down	Up	Down	15.40%
Feb 8	D	Weak or Absent	Down	Up	Down	11.47%
Feb 7	D	Weak or Absent	Down	Up	Down	10.45%
Feb 6	D	Weak or Absent	Down	Up	Down	11.99%
Feb 3	D	Weak or Absent	Down	Up	Down	13.03%