Mentha oil December contract gained Rs 6.6 and settled at Rs 1268.5 a kg on improved buying at lower level due to firm demand. On December 2nd, total stock of mentha oil at MCX-monitored warehouses at Chandausi was
9,48,971 kg of which 7,92,011 kg is physical stock and 1,569,60 is the demat stock.

The contract made intraday low of Rs 1261.5 a kg and high of Rs 1279.3 a kg with the volume of 2439 and total open interest for the same contact was at 5241. Now support for the menthol is seen at 1260.2 and below could see a test of 1252. Resistance is now likely to be seen at 1278, a move above could see prices testing 1287.6.

Trading Ideas: Mentha Oil trading range is 1252-1288. Mentha oil spot is at 1320/-.Spot market is down by Rs 10/. Resistance for the mentha oil is at 1278 level. Support or mentha oil is seen at 1260.20 level. Mentha oil ended higher on improved buying at lower level