Mentha oil June contract gained Rs 6.9 and settled at Rs 719.2 a kg on lower-level buying support. On May 28th, total stock of mentha oil at MCX-monitored warehouses at Chandausi was 701,330 kg of which 666,795 kg is physical stock and 34,535 is the demat stock. The contract made intraday low of Rs 712.1 a kg and high of Rs 719.4 a kg with the volume of 1688 and total open interest for the same contact was at 2626.Now support for the menthol is seen at 714.4 and below could see a test of 709.6. Resistance is now likely to be seen at 721.7, a move above could see prices testing 724.2.

Menthol Oil trading range is 709-724.

Mentha oil spot is at 783/-. Spot is up by Rs.9/-.

Resistance for the mentha oil is at 721.70 and support is at 714.40.

total stock of mentha at MCX warehouses at Chandausi was 701,330 kg as on May 28

Mentha oil gained on lower-level buying support

BUY MENTHOL JUNE @ 715-716 SL 712 TGT 719.50-722-725.MCX