Bull vs. Bear in Natural Gas

Is natural gas bullish or bearish? Some say bullish, including Stockcharts.com's ChartWatchers post yesterday referring to Fidelity's most bullish fund being in natural gas. Maybe it depends if you mean companies, or the commodity, and we know Trader Brian is posting on companies in this sector at the UBTNB3 blog. Then there's UNG, which popped nicely but hit resistance at $12. I posted here on Thursday (9/17) showing the technicals and wave pattern per Tony Caldaro's Objective Elliott Wave count (links for those sites, at right). Now there's a view that could explain another touch down, if that's what it needs to complete its low and reverse: WHY NATURAL GAS IS SET TO REVERSE THE MASSIVE RALLY « Most Recent Stories « THE PRAGMATIC CAPITALIST, at http://pragcap.com/why-natural-gas-is-set-to-reverse-the-massive-rally. Fir trading purposes in UNG, I still stick with my prior posts including the one on Thursday - it will need to demonstrate it can get past this resistance level, before I jump back in on the long side again. If it does hit a new low, then I'll be glad to scoop up another load too.