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OVER 30 YEARS OF MAKING GOOD TRADERS GREAT

R.W. Dow Corporation (Dow) is registered under United States Laws with the National Futures Association as an Independent Introducing Broker whose clearing arrangements are with RJ O’Brien Associates LLC, INTL FCStone Financial Inc, Macquarie Futures USA Inc, Marex North America LLC, RBC Capital Markets LLC, Phillip Capital Inc, and Advantage Futures LLC. Dow makes no representations or warranties regarding the correctness of any information contained herein, or the appropriateness of any transaction for any person. Nothing contained herein shall be construed as a recommendation to buy or sell commodity futures or options on futures.  This communication is intended for the sole use of the intended recipient.The trading of futures and options involves substantial risk and is not suitable for all investors. Therefore, individuals should carefully consider their financial condition in deciding whether to trade. The valuation of futures and options may fluctuate, and as a result, clients may lose more than their original investment. Past performance is not necessarily indicative of future results.None of the information, communications, publications, and reports, including this specific material, used and distributed by Dow, shall be construed as a solicitation for entering into a derivatives transaction.  Dow does not distribute research reports, employ research analysts, or maintain a research department as defined in CFTC Regulation 1.71.