Mentha oil September contract gained Rs 12.7 and settled at Rs 825.8 a kg on fresh buying. On September 8th, total stock of mentha oil at MCX-monitored warehouses at Chandausi was 9,26,710 kg of which 8,17,262 kg is physical stock and 1,09,447 is the demat stock. The contract made intraday low of Rs 815.8 a kg and high of Rs 828.6 a kg with the volume of 6082 and total open interest for the same contact was at 5720.Now support for the menthol is seen at 818.2 and below could see a test of 810.6. Resistance is now likely to be seen at 831, a move above could see prices testing 836.2.

Trading Ideas:

Mentha Oil trading range is 810.6-836.

Mentha oil spot is at 890/-.Spot is up by Rs.10/-.

Resistance for the mentha oil is at 831.

Support or mentha oil is seen at 818.20.

Mentha oil ended firm on fresh buying