Trend Table for EC - Ecopetrol S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 20	D	Weak or Absent	Down	Down	Up	28.93%
Dec 19	D	Weak or Absent	Down	Down	Flat	32.30%
Dec 16	F	Weak or Absent	Down	Down	Down	35.85%
Dec 15	F	Weak or Absent	Down	Down	Down	34.20%
Dec 14	F	Weak or Absent	Down	Down	Down	32.44%
Dec 13	D	Weak or Absent	Down	Down	Flat	29.20%
Dec 12	F	Weak or Absent	Down	Down	Down	33.02%
Dec 9	F	Weak or Absent	Down	Down	Down	33.61%
Dec 8	F	Weak or Absent	Down	Down	Down	30.87%
Dec 7	D	Weak or Absent	Down	Down	Down	30.87%