Menthol oil yesterday traded with the negative node and settled -0.7% down at 642.5. In yesterday's trading session menthol oil has touched the low of 641.5 after opening at 648, and finally settled at 642.5. For today's session market is looking to take support at 638.1, a break below could see a test of 633.7 and where as resistance is now likely to be seen at 650.3, a move above could see prices testing 658.1.

Trading Ideas:

Menthol Oil trading range is 633.5-658.

Mentha oil spot is at 710/-.Spot is down by Rs 12/-.

Resistance for the mentha oil is at 644.60

Mentha oil looks to have a support at 638.10 level.

Mentha oil yesterday ended down on profit booking after rising last 2 sessions

SELL MENTHOL APR @ 640-642 SL 646.50 TGT 636.50-634.20-630.80.MCX