Mentha oil August contract gained Rs 19.9 and settled at Rs 751.3 a kg on rising domestic and exports demand amid tight supply in spot market. The contract made intraday low of Rs 732.1 a kg and high of Rs 752.4 a kg with the volume of 3259 and total open interest for the same contact was at 4635.Now support for the menthol is seen at 738.1 and below could see a test of 725. Resistance is now likely to be seen at 758.4, a move above could see prices testing 765.6.

Trading Ideas:

Mentha Oil trading range is 724.1-765.

Resistance for the mentha oil is at 758.40

Support or mentha oil is seen at 746.20.

Mentha oil yesterday ended higher on rising domestic and exports demand