Mentha oil October contract dropped Rs 2 and settled at Rs 976 a kg tracking weakness in spot market. The contract made intraday low of Rs 970 a kg and high of Rs 991.5 a kg with the volume of 4768 and total open interest for the same contact was at 4682. Now support for the menthol is seen at 966.8 and below could see a test of 957.7. Resistance is now likely to be seen at 988.3, a move above could see prices testing 1000.7.

Trading Ideas:

Mentha Oil trading range is 957.7-1001.

Resistance for the mentha oil is at 988.30.

Support or mentha oil is seen at 966.80.

Mentha oil ended weak tracking weakness in spot market