Trend Table for EC - Ecopetrol S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jun 25	B	Weak or Absent	Up	Flat	Flat	-19.25%
Jun 24	A	Weak or Absent	Up	Up	Up	-24.01%
Jun 21	B	Weak or Absent	Up	Up	Up	-19.77%
Jun 20	B	Weak or Absent	Up	Up	Up	-20.50%
Jun 18	B	Weak or Absent	Up	Up	Up	-20.10%
Jun 17	C	Weak or Absent	Up	Flat	Down	-18.55%
Jun 14	C	Weak or Absent	Up	Down	Down	-17.29%
Jun 13	C	Weak or Absent	Up	Down	Down	-17.92%
Jun 12	C	Weak or Absent	Up	Down	Down	-18.55%
Jun 11	B	Weak or Absent	Up	Flat	Down	-19.30%