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"Research" means any material produced by Unum that explicitly or implicitly recommends or suggests an investment / trading strategy in relation to one or more financial instruments, including any opinion as to the present or future value or price of such instruments, is intended for specific distribution channels or for the general public.

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This Research does not constitute advice of any nature whatsoever, whether it be legal, financial, investment, tax, accounting and/ or trading advice and should not be relied upon in any way, including making any decisions.

Past performance is no guarantee of future returns. No representation is made that it is accurate or complete or that any returns indicated will be achieved. Prices and availability are indicative only and are subject to change without notice. Changes to assumptions may have a material impact on any returns detailed.

Execution of trades based on this Research is at the client's own risk.

Trading and/or in leveraged products, alternatives investments or private equity may involve a significant level of risk and is not suitable for all investors. Before undertaking any such investments, you should ensure that you fully understand the risks involved and seek independent advice if necessary.

Unum will not be held liable for damages of any nature, arising out of or in connection with the use of or reliance upon this Research. Unum accepts no responsibility for any reliance that may be placed on this Research should it be used by any party other than the addressee or for any purpose that has not been expressly agreed by Unum.

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Accurate, complete, up-to-date and current resources are utilised, however, Unum cannot guarantee the completeness, suitability, accuracy or reliability of the content contained in this Research. This Research must be construed, read, interpreted, analysed and used on an "as is" basis and it is the responsibility of the addressee to independently and cautiously assess the Research, as well as to evaluate the accuracy, completeness and usefulness of this Research and make its own independent decisions.

This research represents the views or opinions of the author at the time of publishing and are subject to change without notice.

The research was created using proprietary strategies based on parameters such as Price, Time and Technical Analysis triggers. All research is generated by Unum personnel and may vetted by Unum according to additional parameters which may include liquidity, risk, macro and cyclical analysis.

These views and opinions may differ from opinions/recommendations in the same instrument or market segment generated by Unum.

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