Trend Table for EC - Ecopetrol S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 5	B	Weak or Absent	Down	Up	Up	18.95%
Jan 4	C	Weak or Absent	Down	Up	Down	23.68%
Jan 3	B	Weak or Absent	Down	Up	Up	22.67%
Dec 30	C	Weak or Absent	Down	Up	Up	15.99%
Dec 29	C	Weak or Absent	Down	Up	Up	21.20%
Dec 28	C	Weak or Absent	Down	Up	Up	22.06%
Dec 27	C	Weak or Absent	Down	Up	Up	19.07%
Dec 23	C	Weak or Absent	Down	Up	Up	21.08%
Dec 22	D	Weak or Absent	Down	Down	Up	26.90%
Dec 21	D	Weak or Absent	Down	Down	Up	26.12%