MCX mentha oil in the last few months had run up sharply. After achieving multiple equality targets the commodity has formed a channelised correction. The correction found support at the crucial support zone of the 40-daily exponential moving average and the daily lower Bollinger Band. From the support junction mentha oil has formed a higher top higher bottom, which is a sign of beginning of an up trend. It has crossed the 20-daily moving average. The channel breakout level is Rs2,330. The targets beyond that are Rs2,564.8 and Rs2,735. The reversal can be assumed below the low of Rs2,021.