Trend Table for EC - Ecopetrol S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jun 10	B	Weak or Absent	Up	Up	Flat	-20.56%
Jun 7	B	Weak or Absent	Up	Up	Down	-19.70%
Jun 6	C	Weak or Absent	Up	Up	Down	-19.97%
Jun 5	C	Weak or Absent	Up	Up	Down	-19.77%
Jun 4	B	Weak or Absent	Up	Up	Down	-20.30%
Jun 3	B	Weak or Absent	Up	Up	Flat	-20.95%
May 31	A	Weak or Absent	Up	Up	Up	-21.73%
May 30	A	Weak or Absent	Up	Up	Up	-21.60%
May 29	A	Weak or Absent	Up	Up	Up	-21.73%
May 28	A	Weak or Absent	Up	Up	Up	-22.54%