Mentha oil yesterday as per expectation ended higher on lower level buying support. March contract gained Rs 8.2 and settled at Rs 595.6 a kg. The contract made intraday low of Rs 586.3 a kg and high of Rs 596.8 a kg with the volume of 1461 and total open interest for the same contact was at 3057.Now support for the menthol is seen at 589 and below could see a test of 582.4. Resistance is now likely to be seen at 599.5, a move above could see prices testing 603.4.

Trading Ideas:

Menthol Oil trading range is 582.4-603.

Mentha oil spot is at 660/-.Spot market is up by Rs 3/-.

Resistance for the mentha oil is at 598.80.

Mentha oil is getting support at 591.20 level

Mentha oil as per expectation ended higher on lower level buying support

BUY MENTHA OIL MAR @ 590-592 SL 586.80 TGT 594.20-596.50-599.MCX