Chesapeake and natural gas have plenty of trouble and uncertainty ahead. On the macro front, a weak global environment and strong US dollar presents problems for a rebound in NG pricing. Warm weather globally isn't helping NG demand either. It's January, and it's getting cold. Even on a short-term time line, NG demand will need to improve. This will help CHK stock, however small. No Bottom in Sight A rebound in CHK stock doesn't signal a bottom for commodities in general or NG. This is a trading idea. The issue with the fundamentals in commodities is that for 4 years now, many have tried to pick the bottom in commodities. The prudent investor should wait for confirmation for sustained, demand. If Chesapeake bounces back it may be short-lived. In the meantime, consider accumulating on weakness and selling on the rallies.