Crude oil may retest 5150 levels: Kaushal Jaini

Kaushal Jaini, Asst. Vice President, Dani Commodities, talks to ET Now on agro and non-agro outlook.

Crude has been the major gainer. How do you see it in the coming few days? Does it seem like it could again get to that $100 per barrel level?

Crude is strong and it is going to remain strong until it does not go below $90. We expect $105 to $110 to be tested very soon on the Brent crude oil on the WTI levels. On the Indian continent, 5150 are the levels where crude can test those levels very soon. On a broader note until crude does not close below 4750, that is a bigger level but then it is bullish to those levels until it does not cross and close below 4750, crude would remain in the bullish territory and retest 5150 levels very soon.