MCX Mentha Oil likely to move in a range of 963.7 990.5
India, July 10 -- Technically Mentha Oil market is under long liquidation as market has witnessed remain unchanged in open interest by 0% to settled at 116 while prices down 7. 2 rupees.Now MCX Mentha Oil is getting support at 969.3 and below same could see a test of 963.7 levels and resistance is now likely to be seen at 982.7 a move above could see prices testing 990.5.Mentha Oil yesterday settled down by 0.73% at 975 as production this year is up nearly by 40% compare with last year seen at a record high of 52 000-56 000 tn this year.There were expectations of higher area under cultivation for crop year 2020-21. After a week's delay due to heavy rainfall oil from new mentha crop has started arriving at the key wholesale market of Baraban...
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