Mentha oil ended higher on Saturday as low level buying supported the prices. May contract gained Rs 12.9 and settled at Rs 696.4 a kg. The contract made intraday low of Rs 681.5 a kg and high of Rs 698.9 a kg with the volume of 1017 and total open interest for the same contact was at 3928.Now support for the menthol is seen at 685.6 and below could see a test of 674.9. Resistance is now likely to be seen at 703, a move above could see prices testing 709.7.

Trading Ideas:

Menthol Oil trading range is 674.9-710.

Mentha oil spot is at 789/-. Spot is up by Rs. 12/-.

Resistance for the mentha oil is at 700.60

Support for mentha oil is seen at 690.20.

Mentha oil ended higher on Saturday on low level buying

BUY MENTHOL MAY ABV 700 SL 695 TGT 706-712.MCX