Mentha oil July contract gained Rs 2.3 and settled at Rs 686.2 a kg as some low level buying is seen. The contract made intraday low of Rs 680.2 a kg and high of Rs 687.7 a kg with the volume of 1634 and total open interest for the same contact was at 4451.Now support for the menthol is seen at 681.7 and below could see a test of 677.2. Resistance is now likely to be seen at 689.2, a move above could see prices testing 692.2.

Trading Ideas:

Menthol Oil trading range is 676.9-692.

Resistance for the mentha oil is at 689.20.

Mentha oil looks to take support at 681.70.

Mentha oil settled positive on some low level buying