Why is copper in a bullish trade set-up and offers buy on dips?

Copper prices are showing signs of a near-term rebound as easing geopolitical tensions and improving demand cues lift sentiment. After a sharp sell-off triggered by the Strait of Hormuz blockade, prices recovered on hopes of U.S.–Iran talks, while softer inflation data from China added to optimism around physical demand. However, rising inventories on the London Metal Exchange may cap sharp upside in the short term.April copper futures on the MCX jumped 1.7% intraday on Wednesday, hitting the da...