Mentha oil futures were trading higher during the morning trade in the domestic market on Thursday as participants widened their bets in the agri-commodity amid surge in physical demand for mentha oil from major consuming industries in the domestic spot market.For more Information Visit Us:- ripplesadvisory.com/free-trial.php and miss call -9827808090.

                                 Further, a rise in demand for mentha oil futures was attributed to enlarging of positions by traders in the spot market, supported prices of mentha oil at futures trade. At the MCX, mentha oil futures for September 2016 contract is trading at Rs 911 per kg, up by 0.28 % after opening at Rs 908.20, against the previous closing price of Rs 908.50. It touched the intra-day high of Rs 912.20.

                            Trading Ideas  

1. Menthaoil trading range for the day is 901.6-913.4.        

2. Mentha oil spot at Sambhal closed at 1037.40 per 1kg. Spot prices is up by Rs.3.20/-.     

3. Mentha oil prices gained amid pickup in demand from consuming industries at the spot market.           

4. Tight stocks position following restricted arrivals from major producing belts, added support to mentha oil prices.