Mentha oil December contract dropped Rs 21.3 and settled at Rs 1097 a kg due to profit booking after prices rose in last few sessions. The contract made intraday low of Rs 1096.2 a kg and high of Rs 1142.5 a kg with the volume of 7400 and total open interest for the same contact was at 3964.Now support for the menthol is seen at 1081.3 and below could see a test of 1065.6. Resistance is now likely to be seen at 1127.6, a move above could see prices testing 1158.2.

Trading Ideas:

Mentha Oil trading range is 1068.4-1161.

Resistance for the mentha oil is at 1112.80 level.

Support or mentha oil is seen at 1081.30 level.

Mentha oil ended lower due to profit booking