Mentha oil October contract gained Rs 4.9 and settled at Rs 879.6 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 872 a kg and high of Rs 886.2 a kg with the volume of 5626 and total open interest for the same contact was at 6578.Now support for the menthol is seen at 872.3 and below could see a test of 865.1. Resistance is now likely to be seen at 886.5, a move above could see prices testing 893.5.

Trading Ideas:

Mentha Oil trading range is 865.1-893.

Resistance for the mentha oil is at 886.50.

Support or mentha oil is seen at 872.30.

Mentha oil ended positive driven by pick up in domestic and export demand