Mentha oil futures extended early losses and finished down near three per cent amid heavy selling by traders. Spot mentha oil continued to trade lower amid absence of both domestic and export demand at major physical markets across the country Friday. Support for menthol is at 577.85 below that could see a test of 572.20. Resistance is now seen at 594.25 above that could see a resistance of 605.00.
Trading Ideas: TRADING RANGE 570.00-605.00.
MENTHOL SPOT IS 620/-. • BUY MENTHOL OCT ABV 590 SL 586.40 TGT 594.80-598-604.5. MCX
Courtesy: JRG Wealth Management
