Mentha oil September contract gained Rs 3.6 and settled at Rs 777.6 a kg driven by pick up in domestic and export demand. Restricted arrivals from Chandausi in Uttar Pradesh also influenced the trading sentiment to some extent. The contract made intraday low of Rs 770 a kg and high of Rs 782.8 a kg with the volume of 4523 and total open interest for the same contact was at 6764.Now support for the menthol is seen at 770.8 and below could see a test of 764. Resistance is now likely to be seen at 783.6, a move above could see prices testing 789.6.

Trading Ideas:

Mentha Oil trading range is 764.5-790.

Resistance for the mentha oil is at 783.60.

Support or mentha oil is seen at 770.80.

Mentha oil ended positive driven by pick up in demand