Mentha oil yesterday ended higher on firm buying support and physical market. On March 10th, total stock of mentha oil at MCX-monitored warehouses at Chandausi was 826,666 kg of which 792,847 kg is physical stock and 33,819 is the demat stock. March contract gained Rs 7.7 and settled at Rs 623.4 a kg. The contract made intraday low of Rs 612.1 a kg and high of Rs 625.3 a kg with the volume of 3195 and total open interest for the same contact was at 3217.Now support for the menthol is seen at 615.2 and below could see a test of 607.1. Resistance is now likely to be seen at 628.4, a move above could see prices testing 633.5.

Trading Ideas:

Menthol Oil trading range is 607.1-633.

Mentha oil spot is at 670/-.Spot market is up by Rs 4/-.

Resistance for the mentha oil is at 625.20 and support is at 618.10.

Total stock of mentha at MCX warehouses at Chandausi was 826,666 kg as on Mar 10.

Mentha oil yesterday ended higher on firm buying support and physical market

BUY MENTHA OIL MAR @ 620-622 SL 616 TGT 624.80-626-628.50.MCX