Mentha oil settled marginally down as slight profit booking emerged towards the closing. On May 15th, total stock of mentha oil at MCX-monitored warehouses at Chandausi was 701,330 kg of which 666,795 kg is physical stock and 34,535 is the demat stock. May contract dropped Rs 0.9 and settled at Rs 695.5 a kg. The contract made intraday low of Rs 688.5 a kg and high of Rs 705.8 a kg with the volume of 1733 and total open interest for the same contact was at 3929.Now support for the menthol is seen at 687.4 and below could see a test of 679.3. Resistance is now likely to be seen at 704.7, a move above could see prices testing 713.9.

Menthol Oil trading range is 679.3-714.

Mentha oil spot is at 781/-. Spot is down by Rs. 8/-.

Resistance for the mentha oil is at 700.60 and support is seen at 690.20.

total stock of mentha at MCX warehouses at Chandausi was 701,330 kg as on May 15

Mentha oil settled marginally down on slight profit booking

SELL MENTHOL MAY @ 698 SL 705 TGT 693.50-688-683.MCX