MCX mentha oil was falling for several weeks. The fall unfolded in a channelised manner. However the agri commodity has entered a pull-back mode for the last few sessions. It has broken out from the channel on the upside. In terms of price pattern it has formed an inverted Head and Shoulder, which is bullish. The agri-commodity has completed the right shoulder and is on the verge of a breakout from the neckline. The daily momentum indicator is in line with the bullish formation. Thus this is an opportunity for bulls to go long with reversal below Rs.926. On the higher side Rs.1,016 and Rs1,030 will be the levels to watch out for.