Commodity outlook: Mentha oil may push up, crude could sit tight
Here’s a look at how key commodities are likely to play out today.
Agri commodities: Mentha oilNSE -2.54 % futures for June are likely to go up towards Rs 1,170-1,180 supported by lower-level buying, says SMC Global Securities.
In 2017-18, mentha oil production is estimated at around 30,000 tonnes. With an opening stock of 7,000 tonnes, there is a shortage in sup ..
Crude oil, natural gas: Crude oil is looking at support near Rs 4,480 with a hurdle near Rs 4,570 on MCX. Natural gas can remain on the upside as it eyes support near Rs 198 and resistance near Rs 205, the brokerage said.