Mentha oil July contract gained Rs 4.4 and settled at Rs 703.2 a kg on buying support. The contract made intraday low of Rs 695 a kg and high of Rs 703.9 a kg with the volume of 1924 and total open interest for the same contact was at 4657.Now support for the menthol is seen at 697.5 and below could see a test of 691.8. Resistance is now likely to be seen at 706.4, a move above could see prices testing 709.6.

Trading Ideas:

Menthol Oil trading range is 691.2-709.

Resistance for the mentha oil is at 706.40.

Mentha oil looks to take support at 697.50.

Mentha oil yesterday ended positive on buying support