Mentha oil October contract gained Rs 10 and settled at Rs 964 a kg on buying support at lower level after prices fall earlier in the day on profit booking. Major mandies of Uttar Pradesh such as Sambhal and Chandausi have witnessed the daily average arrivals of around 450 drums. The contract made intraday low of Rs 937.3 a kg and high of Rs 967.9 a kg with the volume of 7457 and total open interest for the same contact was at 5642. Now support for the menthol is seen at 944.9 and below could see a test of 925.8. Resistance is now likely to be seen at 975.5, a move above could see prices testing 987. Trading Ideas:

Mentha Oil trading range is 925.8-987.

Mentha oil spot is at 1036/-.Spot is down by Rs. 2/-.

Resistance for the mentha oil is at 970.20.

Support or mentha oil is seen at 956.80.

Mentha oil ended positive on buying support at lower level