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MANAGEMENT JOINT TRUST SA Disclaimer, No warranty, Copyright Management Joint Trust SA is an editor of on-line financial graphics platforms as well as an independent research company. The information and graphics in this publication represent the opinion of Management Joint Trust SA and are not intended to be a forecast of future events and this is no guarantee of any future result. Nobody can predict the future and thus fluctuations of market prices (including market crashes). Past trends are not necessarily signs of future trends. Management Joint Trust SA warns you of the risks involved with any financial transactions (for example on stocks, bonds, raw materials). Derivatives or foreign exchange trades entail even greater risks. You need to be aware that chances of winning are in no way guaranteed and potential of losses may be very significant. As a reader of this publication or a user of our websites, you must take into consideration, as you select investments, of this uncertainty. This publication or any information provided through Management Joint Trust SA’ s websites do not constitute a solicitation or offer, or recommendation to acquire or dispose of any investment or to engage in any other transaction. Any reference to a transaction, trade, position, holding, security, market, or level is purely meant to educate readers about our methodology as well as possible risks and opportunities in the marketplace and are not meant to imply that any person or entity should take any action whatsoever without first evaluating such action(s) in light of their own situation either on their own or through a professional advisor. To establish its statistical analysis, Management Joint Trust SA relies on data provided by first class outside providers; however, Management Joint Trust SA does not guarantee you the permanence of such supply, nor its content. More generally, Management Joint Trust SA, their members, shareholders, employees, agents, representatives and resellers or partners do not warrant the completeness, accuracy or timeliness of the information supplied in this publication or on its websites, and they shall not be liable for any loss or damages, consequential or otherwise, which may arise from the use or reliance of the any information or content in this publication or available on the Management Joint Trust SA’s websites. Hence, neither you can nor may hold for certain analysis and interpretations provided in this publication or by our websites. Any financial transaction you may instruct is at your own risks. You can not claim nor obtain from Management Joint Trust SA compensation or indemnification for your damages (for example, incidental or consequential damages, losses, unrealised gains, liabilities, Management Joint Trust SA’s service fee). If a person or entity does not believe they are qualified to make such decisions, they should seek professional advice. The prices listed are for reference only and are in no way intended to represent an actual trade. This information is not a substitute for professional advice of any nature, including tax, legal, and financial. While we believe the information contained herein to be accurate, all numbers should be verified by the reader through independent sources. Again, trading securities, options, futures, or any other security involves risk and can result in the immediate and substantial loss of the capital invested and every reader/recipient is responsible for his or her own investment decisions. The employees, officers, family, and associates of Management Joint Trust SA may from time to time have positions in the securities or commodities covered in its publications or on its websites. Corporate policies are in effect that attempt to avoid potential conflicts of interest and resolve conflicts of interest that do arise in a timely fashion. MJT is the owner of all its brands and websites (especially, www. or any related websites). These are protected by intellectual property rights, among other copyright, trademark and competition rights. As reader of this publication or a user Management Joint Trust SA’s websites, you acquire no rights on the various softwares, services, and information made available by Management Joint Trust SA. In particular, you do not acquire ownership rights. 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