Mentha oil ended up Saturday as stockists buying along with rising exporters' demand for mentha fostered the price to rally up. May contract gained Rs 25.5 and settled at Rs 724.4 a kg. The contract made intraday low of Rs 699.7 a kg and high of Rs 726.8 a kg with the volume of 2429 and total open interest for the same contact was at 3832.Now support for the menthol is seen at 707.1 and below could see a test of 689.9. Resistance is now likely to be seen at 734.2, a move above could see prices testing 744.1.

Trading Ideas:

Menthol Oil trading range is 689.9-744.

Mentha oil spot is at 842/-.Spot is up by Rs.50/-.

Resistance for the mentha oil is at 728.80

support for mentha oil is at 719.20 level

Mentha oil ended up Saturday on stockists buying along with rising exporters' demand

BUY MENTHOL MAY ABV 728 SL 724 TGT 734-738.MCX