Trend Table for EC - Ecopetrol S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Nov 7	C	Weak or Absent	Down	Up	Up	18.95%
Nov 4	C	Weak or Absent	Down	Up	Up	21.81%
Nov 3	C	Weak or Absent	Down	Down	Up	24.95%
Nov 2	C	Weak or Absent	Down	Flat	Up	22.30%
Nov 1	C	Weak or Absent	Down	Up	Up	19.18%
Oct 31	D	Weak or Absent	Down	Down	Up	23.17%
Oct 28	D	Weak or Absent	Down	Down	Up	23.05%
Oct 27	D	Weak or Absent	Down	Down	Up	26.24%
Oct 26	F	Weak or Absent	Down	Down	Flat	29.61%
Oct 25	D	Weak or Absent	Down	Down	Down	31.72%