Trend Table for EC - Ecopetrol S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 20	B	Strong	Up	Up	Up	0.45%
Jan 19	B	Strong	Flat	Up	Up	1.88%
Jan 18	B	Strong	Up	Up	Up	1.54%
Jan 17	C	Weak or Absent	Down	Up	Up	5.61%
Jan 13	C	Weak or Absent	Down	Up	Up	4.52%
Jan 12	C	Weak or Absent	Down	Up	Up	5.15%
Jan 11	C	Weak or Absent	Down	Up	Up	6.81%
Jan 10	C	Weak or Absent	Down	Up	Up	8.24%
Jan 9	C	Weak or Absent	Down	Up	Up	9.22%
Jan 6	C	Weak or Absent	Down	Up	Up	10.81%