Thoughts on NG's Recent Pop and Sustained Levels

Watching $NG finally poke its head above the $6 psychological barrier today, hitting a high of $6.075 so far. It's had a decent run from the day's low of $5.845. The question now is whether it can consolidate here or if this is just a quick speculative bounce before settling back down. I'd give it about 60/40 odds of staying above $5.90 by end of next week. There's a bit of a supply overhang that could push it back, but winter demand coming into focus could provide some underlying support. My bet is on some chop around this range for a bit.

$NZDCAD, on the other hand, is just doing its usual dance between 0.82165 and 0.82384. Not much to write home about there, seems perfectly content in its tight little box.