Menthol oil yesterday jumped till 626 level as per expectation still overall outlook is bullish and prices can jump till 630-635 level in next few days. Today some profit booking can be seen as spot market is quoting 658 level that is down by 8rs on profit booking.  January contract gained Rs 0.4 and settled at Rs 622.7 a kg. The contract made intraday low of Rs 616.3 a kg and high of Rs 626.8 a kg. Now support for the menthol is seen at 617.00 and below could see a test of 611.40. Resistance is now likely to be seen at 627.50, a move above could see prices testing 632.40.

Trading Ideas:

Menthol trading range is 610-630.

Mentha oil spot is at 658/-.Spot is down by 7 rs.

Mentha oil yesterday jumped as expected on firm spot cues

Mentha oil prices ended flat on intraday profit booking at higher levels

SELL MENTHOL JAN BELOW 621 SL 624.50 TGT 618.80-616.50-614.20. MCX