Mentha oil October contract gained Rs 17.8 and settled at Rs 887.6 a kg as buying was supported by firm spot market. The contract made intraday low of Rs 865 a kg and high of Rs 888.7 a kg with the volume of 5166 and total open interest for the same contact was at 6457. Now support for the menthol is seen at 872.2 and below could see a test of 856.7. Resistance is now likely to be seen at 895.9, a move above could see prices testing 904.1.

Trading Ideas:

Mentha Oil trading range is 855.7-903.

Mentha oil spot is at 958/-.Spot is down by Rs. 10/-.

Resistance for the mentha oil is at 895.90.

Support or mentha oil is seen at 882.20.

Mentha oil ended higher as buying was supported by firm spot market