Mentha oil yesterday traded with the positive node and settled 1.13% up at 876.5. In yesterday's trading session menthol oil has touched the low of 863.3 after opening at 867, and finally settled at 876.5. For today's session market is looking to take support at 867.3, a break below could see a test of 858.1 and where as resistance is now likely to be seen at 881.7, a move above could see prices testing 886.9. Spread between mentha oil OCT & NOV contacts yesterday ended at 10.50. Spread yesterday traded in the range of 9.4 to 10.5.

Trading Ideas:

Mentha Oil trading range is 858.1-887.

Mentha oil spot is at 960/-.Spot is down by Rs.7/-.

Resistance for the mentha oil is at 881.70.

Support or mentha oil is seen at 870.20.

Mentha oil October contract gained Rs 9.8 and settled at Rs 876.5 a kg.