Commodity Outlook for Mentha Oil by KediaCommodity

Mentha OilMentha oil ended positive yesterday on hopes of lower planting fuelled the prices to rally high. May contract dropped Rs 7.9 and settled at Rs 679.3 a kg. The contract made intraday low of Rs 669.5 a kg and high of Rs 685.7 a kg with the volume of 2014 and total open interest for the same contact was at 2319.Now support for the menthol is seen at 670.6 and below could see a test of 662. Resistance is now likely to be seen at 686.8, a move above could see prices testing 694.4.

Trading Ideas:

Menthol Oil trading range is 662-694.

Mentha oil spot is at 760/-.Spot is up by Rs.12/-.

Commodity Outlook for Pepper by KediaCommodity

PepperPepper yesterday traded with the positive node and settled 0.18% up at 15239.

Commodity Outlook for Guar by KediaCommodity

GuarGuar yesterday bounced once again on improved demand and fresh export enquiries with added thin arriva

Commodity Outlook for Nickel by KediaCommodity

NickelNickel yesterday traded with the positive node and settled 1.31% up at 1201.1.

Commodity Outlook for Zinc by KediaCommodity

ZincZinc yesterday traded with the negative node and settled -0.75% down at 106.

Commodity Outlook for Copper by KediaCommodity

CopperCopper yesterday traded with the negative node and settled -0.38% down at 344.8.

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