Mentha oil June contract gained Rs 17.2 and settled at Rs 760.3 a kg on firm prices in spot market. On June 25th, total stock of mentha oil at MCX-monitored warehouses at Chandausi was 776,951 kg of which 742,413 kg is physical stock and 34,537 is the demat stock. The contract made intraday low of Rs 746 a kg and high of Rs 764.8 a kg with the volume of 2675 and total open interest for the same contact was at 3633.Now support for the menthol is seen at 749.3 and below could see a test of 738.2. Resistance is now likely to be seen at 768.1, a move above could see prices testing 775.8.

Trading Ideas:

Menthol Oil trading range is 726.1-765.

Mentha oil spot is at 810. Spot is down by Rs.7/-.

Resistance for the mentha oil is at 768.10 and support is at 754.80.

Total stock of mentha at MCX warehouses at Chandausi was 776,951 kg as on June 25

Mentha oil Saturday ended positive on firm spot market

SELL MENTHOL JULY BELOW 745 SL 750 TGT 741.50-738-734.50.MCX