Mentha oil yesterday rose on low level buying. The total arrivals of Mentha oil in Sambhal are reported to be 100 drums, slightly less than the arrivals in the last few days. The contract made intraday low of Rs 1076.2 a kg and high of Rs 1120.4 a kg with the volume of 5519 and total open interest for the same contact was at 4167.Now support for the menthol is seen at 1090.7 and below could see a test of 1061.3. Resistance is now likely to be seen at 1134.9, a move above could see prices testing 1149.7.

Trading Ideas:

Mentha Oil trading range is 1059.8-1151.

Resistance for the mentha oil is at 1134.90 level.

Support or mentha oil is seen at 1104.60 level.

Mentha oil ended higher on low level buying