| Most base metals rebounded on Wednesday on brighter prospects for a Greek bailout deal and after solid U.S. economic data that spurred hopes for stronger demand. Many investors scrambled to close out short positions after profiting from sharp falls over the past two days when some metals hit multi-year lows.
"The short-term downtrend has been broken," said Gianclaudio Torlizzi of consultancy T-Commodity in Milan. "Aluminium, zinc and lead look nice on the charts, they will likely see nice short-covering over the next few weeks," he told Reuters Global Metals Forum...............................................Full Article: Source
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