Mentha oil prices rose on increased domestic and export demand. Fall in supplies in the spot markets from producing regions also influenced futures prices of mentha oil. January contract dropped Rs 3.2 and settled at Rs 594.5 a kg. The contract made intraday low of Rs 591.8 a kg and high of Rs 595.7 a kg.

Now support for the menthol is seen at 592.3 and below could see a test of 590.1. Resistance is now likely to be seen at 596.2, a move above could see prices testing 597.9.

Trading Ideas:

MENTHOL TRADING RANGE IS 585-605.

MENTHOL SPOT IS AT 640/-.SPOT IS DOWN BY 2/-.

SUPPORT FOR MENTHA OIL IS AT 588 TODAY SOME PULL BACK CAN BE SEEN TILL 600LEVEL.

MENTHA OIL PRICES ROSE ON INCREASED DOMESTIC AND EXPORT DEMAND

BUY MENTHOL DEC @ 590-592 SL 587 TGT 594.80-596.50-600.MCX