January contract dropped Rs 7.1 and settled at Rs 615.6 a kg. The contract made intraday low of Rs 614 a kg and high of Rs 622.5 a kg. Now support for the menthol is seen at 612.20 and below could see a test of 608.80. Resistance is now likely to be seen at 620.70, a move above could see prices testing 625.80.

Trading Ideas:

Menthol trading range is 605-625.

Mentha oil spot is at 660/-.Spot is down by 4 rs.

Mentha oil is getting support at 611.80 level.

Mentha oil prices ended down as per expectation on weak spot cues

Now resistance for mentha oil is at 618.80

SELL MENTHOL JAN @ 618-619 SL 622.50 TGT 615.80-613.50-612.MCX