SEASONAL TENDENCIES ARE A COMPOSITE OF SOME OF THE MOST CONSISTENT
COMMODITY FUTURES SEASONALS THAT HAVE OCCURRED IN THE PAST SEVERAL
YEARS.THERE ARE USUALLY UNDERLYING, FUNDAMENTAL CIRCUMSTANCES THAT OCCUR
ANNUALLY THAT TEND TO CAUSE THE FUTURES MARKETS TO REACT IN SIMILAR
DIRECTIONAL MANNER DURING A CERTAIN CALENDAR YEAR.EVEN IF A SEASONAL
TENDENCY OCCURS IN THE FUTURE, IT MAY NOT RESULT IN A PROFITABLE
TRANSACTION AS FEES AND THE TIMING OF THE ENTRY AND LIQUIDATION MAY
IMPACT ON THE RESULTS.NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT
HAS IN THE PAST, OR WILL IN THE FUTURE, ACHIEVE PROFITS USING THESE
RECOMMENDATIONS.NO REPRESENTATION IS BEING MADE THAT PRICE PATTERNS WILL
RECUR IN THE FUTURE.
THERE IS A RISK OF LOSS IN FUTURES TRADING AND IS NOT SUITABLE FOR ALL INVESTORS. ONLY RISK CAPITAL SHOULD BE USED WHEN TRADING FUTURES.
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.