Best Commodity Tips Provider: Mentha Oil Is Quite Fast, How To Create Strategy?

Morning Report By Best Commodity Tips Provider Mentha oil prices also saw a sharp increase on Monday. Mentha oil prices in commodity exchange MCX rose by nearly two-and-a-half percent to Rs 1635.90 per kilogram in near the beginning trading. The commodity market analysts say that with the amplify in purchasing from the minor level; the speed in Mentha Oil is increasing.

According to Rudra Investment Share Market Expert, the volume in Mentha Oil is very low down. They say that the volume of Mentha oil is about half as compared to the last 2-3 months.

Today, the open interest in the early business was around 774 lots, and in the last two to three months, it was around 1300-1400 lots. This indicates that the market share of mentha oil has declined in the market.

With the increase of cold in the productive areas, the delivery of mentha oil has decreased in the spot markets. Because of this, it is getting more and more visible. But there are no signs of further acceleration.

According to Best Commodity Tips Provider, investors should sell in today's business. For investors, it is advisable to sell MCX on December futures in around 1545. In one or two sessions, the price of Mentha Oil can again show a level of 1600 rupees per kg. They say that unless the price of Mentha oil breaks the level of 1650, there is a sign of heaviness in it.