Mentha oil October contract gained Rs 36 and settled at Rs 992.9 a kg as buying at lower-levels and speculations took prices higher. On October 14th, total stock of mentha oil at MCX-monitored warehouses at Chandausi was 8,34,588 kg of which 7,10,008 kg is physical stock and 1,24,580 is the demat stock. The contract made intraday low of Rs 956.5 a kg and high of Rs 995.2 a kg with the volume of 3911 and total open interest for the same contact was at 5178.Now support for the menthol is seen at 967.9 and below could see a test of 942.8. Resistance is now likely to be seen at 1006.6, a move above could see prices testing 1020.2.

Trading Ideas:

Mentha Oil trading range is 942.8-1020.

Mentha oil spot is at 1055/-.Spot is down by Rs. 25/-.

Resistance for the mentha oil is at 1006.60.

Support or mentha oil is seen at 983.80.

Mentha oil ended higher as buying at lower-levels supported the prices