Excellent detective work verce. Thank you for all the effort you have put into the NGL commentary here. I have attached a screen dump of recent daily NGL price activity for your amusement. Of note is the OBV(1) plot (blue line) which suggests some quiet accumulation was occurring from October 2023 onwards, whilst the price action remained subdued until early February this year . In my experience OBV generally provides little predictive value when it comes to price movements, but with NGL it seems to have given an early clue as to the likely direction of recent price action. The linear progression plot suggests that there might be a short term pullback coming, although we are yet to see an exhaustion gap in the current short term move to the upside. Go NGL!
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