Menthol on Monday we have seen traded in the range and in spot market also there were no major activity today also spot is at 657/- that up by 3/-. Technically menthol below 604 level look weak, February contract dropped Rs -1.3 and settled at Rs 597.7 a kg. The contract made intraday low of Rs 596.3 a kg and high of Rs 602.9 a kg.

Now support for the menthol is seen at 595.00 and below could see a test of 592.30. Resistance is now likely to be seen at 601.60, a move above could see prices testing 605.50.

Trading Ideas:

Menthol trading range is 590-606.

Mentha oil spot is at 657/-.Spot is up by Rs 3/-.

Resistance for Mentha oil is at 601.60

Mentha oil is getting support at 595.20 level.

Mentha oil yesterday ended down in range bound trading on Monday.

SELL MENTHOL FEB @ 600 SL 604.80 TGT 596.50-593.20-590.80.MCX