Mentha oil ended down as excise duty rebate was lifted up from mentha oil in Jammu region. March contract dropped Rs 3.4 and settled at Rs 578.5 a kg. The contract made intraday low of Rs 577.5 a kg and high of Rs 581.9 a kg with the volume of 451 and total open interest for the same contact was at 3112.Now support for the menthol is seen at 576.7 and below could see a test of 574.9. Resistance is now likely to be seen at 581.1, a move above could see prices testing 583.7.

Menthol Oil trading range is 574.9-584.

Mentha oil spot is at 650/-.Spot market is flat/-.

Resistance for Mentha oil is at 581.10 level.

Mentha oil is getting support at 576.70 level below this looks till 575-572.

Mentha oil ended down as excise duty rebate was lifted up

BUY MENTHA OIL MAR @ 575-576 SL 571.80 TGT 578.80-581.40-584.20..MCX