Disclaimer: There is risk of loss in all commodity trading. The data contained are believed to be reliable, but have not been independently verified by Pearce Financial. Accordingly, such data cannot be guaranteed as to reliability, accuracy, or completeness, and as such are subject to change without notice. Pearce Financial will not be responsible for any indirect, compensatory, or consequential damages, including loss of profits which may result from reliance on this data. Pearce Financial and/or its Principals and employees may or may not follow strictly any or all of the trading strategies or recommendations contained herein. Past performance is not indicative of future results.

Any research, analysis and/or information contained herein were drawn from sources believed to be reliable; however, Pearce does not guarantee its accuracy or completeness. Any opinions expressed reflect the opinions of the authors. This information is subject to change without notice and should not be acted upon without prior due diligence. This document is not an offer of solicitation for the purchase of sale of any commodity. Information mentioned herein may or may not be suitable for all investors. Futures trading involves varying degrees or risk and investors should be aware of the potential for large loss before investing.