Mentha oil June contract dropped Rs -18.5 and settled at Rs 737.4 a kg driven down by mounting arrival and speculative selling. On Saturday, arrival across main centres stood at 800 drums. The contract made intraday low of Rs 735.1 a kg and high of Rs 750 a kg with the volume of 1900 and total open interest for the same contact was at 2912.Now support for the menthol is seen at 731.7 and below could see a test of 725.9. Resistance is now likely to be seen at 746.6, a move above could see prices testing 755.7.

Menthol Oil trading range is 725.9-756.

Mentha oil spot is at 822/-. Spot is up by Rs 8/-.

Resistance for the mentha oil is at 743.80 and support is at 733.20.

On Saturday, arrival across main centres stood at 800 drums.

Mentha oil dropped driven down by mounting arrival and speculative selling

SELL MENTHOL JUNE BELOW 734 SL 742 TGT 730-725.50-721.20.MCX