Mentha oil arrivals in the Sambhal market of Uttar Pradesh are estimated
at 25 drums (1 drum=180 kg) so far today, down from 30 drums on
Tuesday. The price of the commodity fell to 1,180 rupees per kg from
1,200 rupees per kg Tuesday due to weak demand. On MCX, the near-month
March mentha oil contract traded at 1,122.60 rupees per kg, down 22
rupees from the previous close, while the April contract fell 19.40
rupees to 1,130 rupees.
Technical:
MCX Mentha Oil future contract is expected to remain Negative on chart, traders are advised to sell and intraday resistance is seen near 1135.53, 1145.07 & 1156.13. Intraday support is seen near 1114.93 1103.87 & 1094.33.
MCX Mentha Oil future contract is expected to remain Negative on chart, traders are advised to sell and intraday resistance is seen near 1135.53, 1145.07 & 1156.13. Intraday support is seen near 1114.93 1103.87 & 1094.33.
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