Mentha oil October contract gained Rs 35.9 and settled at Rs 933.1 a kg on pick up in domestic and export demand against restricted arrivals from the producing regions. The contract made intraday low of Rs 896.9 a kg and high of Rs 933.1 a kg with the volume of 7396 and total open interest for the same contact was at 6166.Now support for the menthol is seen at 909 and below could see a test of 884.8. Resistance is now likely to be seen at 945.2, a move above could see prices testing 957.2.

Trading Ideas:

Mentha Oil trading range is 884.8-957.

Mentha oil spot is at 980/-.Spot is up by Rs. 22/-.

Resistance for the mentha oil is at 938.80.

Support or mentha oil is seen at 925.60.

Mentha oil ended higher on pick up in domestic and export demand