Mentha oil ended flat recovering from its lows on fresh buying by consuming industries amid tight stocks. Fall in supplies from producing belts and firming trend also supported the prices. The contract made intraday low of Rs 713.4 a kg and high of Rs 720.2 a kg with the volume of 977 and total open interest for the same contact was at 4861.Now support for the menthol is seen at 713.2 and below could see a test of 709.9. Resistance is now likely to be seen at 720, a move above could see prices testing 723.5.

Trading Ideas:

Menthol Oil trading range is 709.8-723.

Resistance for the mentha oil is at 720.

Support for mentha oil is seen at 713.20

Mentha oil ended flat recovering from its lows on fresh buying