Mentha oil December contract gained Rs 33.5 and settled at Rs 1108 a kg supported by pick-up in spot market demand. Restricted arrivals at the physical market also influenced the prices. The contract made intraday low of Rs 1045.5 a kg and high of Rs 1112 a kg with the volume of 6926 and total open interest for the same contact was at 4299.Now support for the menthol is seen at 1065 and below could see a test of 1022. Resistance is now likely to be seen at 1131.5, a move above could see prices testing 1155.

Trading Ideas:

Mentha Oil trading range is 1022.5-1155.

Resistance for the mentha oil is at 1120.40 level.

Support or mentha oil is seen at 1088.80 level.

Mentha oil ended higher supported by pick-up in spot market demand