Thoughts on NG's recent action and potential levels

Watching $NG these past few sessions, it's been interesting to see it test the $5.70 level. If it breaks cleanly below that, I'd consider the short-term bullish case largely invalidated, opening up further downside to potentially the $5.50-5.40 range. On the flip side, a sustained move back above $5.97, which has acted as resistance today, might suggest a retest of $6.00 and higher. Just my observations, of course.