Trend Table for EC - Ecopetrol S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 6	D	Weak or Absent	Down	Down	Down	31.01%
Dec 5	D	Weak or Absent	Down	Down	Down	32.30%
Dec 2	D	Weak or Absent	Down	Down	Down	25.72%
Dec 1	D	Weak or Absent	Down	Down	Down	25.85%
Nov 30	D	Weak or Absent	Down	Up	Down	23.05%
Nov 29	C	Weak or Absent	Down	Up	Up	17.23%
Nov 28	D	Weak or Absent	Down	Up	Down	21.93%
Nov 25	C	Weak or Absent	Down	Up	Up	16.44%
Nov 23	C	Weak or Absent	Down	Up	Up	18.49%
Nov 22	C	Weak or Absent	Down	Up	Up	18.49%