Mentha oil July contract gained Rs 3 and settled at Rs 688.2 a kg on buying support. On July 20th, total stock of mentha oil at MCX-monitored warehouses at Chandausi was 8,87,124 kg of which 8,52,586 kg is physical stock and 34,537 is the demat stock.

The contract made intraday low of Rs 683.2 a kg and high of Rs 689.3 a kg with the volume of 1162 and total open interest for the same contact was at 4373. Now support for the menthol is seen at 684.5 and below could see a test of 680.8. Resistance is now likely to be seen at 690.6, a move above could see prices testing 693.

Trading Ideas: Menthol Oil trading range is 680.8-693. Mentha oil spot is at 769/-. Spot is up by Rs. 7/-. Resistance for the mentha oil is at 690.60 and support is at 684.50. Total stock of mentha at MCX warehouses at Chandausi was 8,87,124 kg as on 20 July Mentha oil yesterday ended firm on buying support BUY MENTHOL JULY ABV 690 SL 685 TGT 694.50-698. MCX (EVE WEAK AGAIN)