Chesapeake Energy announced it will reduce output and drilling in response to low prices, which caused natural gas commodity futures ETFs to rally on Monday, according to an article on Investor’s Business Daily.

Still, many analysts are calling the price gain a countertrend rally given that many of the ETFs—funds like the United State Natural Gas Fund (NYSEArca: UNG), which jumped close to 9 percent on the day—are still underperforming.

Natural gas prices have been on a steady decline for the last three and a half years due to overproduction in shale gas formation across the U.S., says the article.

Head over to Investors.com for the full story.