Mentha oil March contract gained Rs 6 and settled at Rs 1140.8 a kg driven by a fall in arrivals from producing regions. The total daily arrivals of mentha oil were ranging between 400-450 drums at the major mandies of Uttar Pradesh such as Sambhal, Chandausi and Rampur.  The contract made intraday low of Rs 1128.6 a kg and high of Rs 1158 a kg with the volume of 2896 and total open interest for the same contact was at 5118.Now support for the menthol is seen at 1126.9 and below could see a test of 1113.1. Resistance is now likely to be seen at 1156.3, a move above could see prices testing 1171.9. Trading Ideas:

Mentha Oil trading range is 1111.7-1170.

Mentha oil spot is at 1222/-.Spot market is down by Rs 3/.

Mentha oil gained driven by a fall in arrivals from producing regions

Mentha oil looks to take support at 1132 level

Resistance for the mentha oil is seen at 1148 level.