Pure Olive Oil mixed with Frankincense and Myrrh essential oils.
The Hebrew word 'Levona', used for frankincense, comes from the root word 'lavan' meaning white. White carries with it the connotation of purity. A powerful interpretation of the meaning of incense is set forth in the book of Revelation where it is connected with intercession. '...Each one had a harp and they were holding golden bowls full of incense, which are the prayers of the saints.' The aspects of purity and intercession come into focus - thus the pure breath of prayer.
Myrrh on the other hand comes from the word, marar, meaning to be grieved, make bitter, trickle, or to drop. The acquisition of myrrh was done by slicing the bark of the myrrh tree so that the precious resin oozed out and hardened into drops called 'tears'. Myrrh's fragrance is sweet to the smell but bitter to the taste which reminds us of the sweetness of our redemption but the bitter price that Yeshua paid to accomplish our salvation. The process of dying to self may at times can be grievous and bitter but 2 Corinthians chapter 4 reminds us that '...momentary, light affliction is producing for us an eternal weight of glory far beyond all comparison'.
Frankincense & Myrrh are two of the three prophetic gifts that were given to the Messiah at the time of His birth. They represent His role as Priest and Prophet, signifying all that Yeshua would do on our behalf. The aromas of frankincense and myrrh were also present in tombs and temples since ancient times. These fragrances link to the dawning of civilized human society. Frankincense and myrrh are familiar botanical products in the east, where they've been used for millennia. Most people in the west are unfamiliar with the true identity of these enigmatic substances -- even though they are frequently mentioned in historical texts, especially scripture, (frankincense is mentioned 22 times in the Bible).
Scriptures related with this oil can be found in: Songs of Song 3:6, Esther 2:12, Mathew 2:11, 2 Cor 4:17, Revelation 2:8-10, and Revelation 5:8