Mentha oil futures were trading higher during the morning trade in the domestic market on Monday as participants widened their bets in the agri-commodity amid surge in physical demand from major consuming industries for mentha oil in the domestic spot market

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 902.40 per kg, up by 0.20 per cent after opening at Rs 898.20, against the previous closing price of Rs 900.60. It touched the intra-day high of Rs 903.For more Information Visit Us:- ripplesadvisory.com/free-trial.php and miss call -9827808090.

                  Trading Ideas

1. Menthaoil trading range for the day is 893.5-910.9. 

2. Mentha oil spot at Sambhal closed at 1034.60 per 1kg. Spot prices is down by Rs.-1.70/.      

3. Mentha oil prices settled flat amid fall in physical demand from major consuming industries in the domestic spot market.                  

4. Technically market is under short covering as market has witnessed drop in open interest by -2.88% to settle at 4795.