Mentha oil ended Saturday session with mild profit. The intra-day trading altogether remained range-bound. No big movement is seen in Mentha oil from last session in absence of fresh move in the market.  February contract gained Rs 1.2 and settled at Rs 599 a kg. The contract made intraday low of Rs 596.5 a kg and high of Rs 601 a kg. Now support for the menthol is seen at 596.60 and below could see a test of 594.30. Resistance is now likely to be seen at 601.10, a move above could see prices testing 603.30.

Trading Ideas:

Menthol trading range is 584-598.

Mentha oil spot is at 655/-.Spot is UP by Rs 4/-.

Resistance for Mentha oil is at 593.80

Mentha oil is getting support at 588.10 level.

Mentha oil yesterday ended up on firm cues from spot.

SELL MENTHOL JAN @ 595-597 SL 601.20 TGT 592.80-590.10-587.60-585.MCX