TECHNICALS — CBOT soybeans may end bounce at around $13.24

For more technical analysis, click TECH/C SINGAPORE, Sept 24 (Reuters) — The CBOT soybean November contract may end its bounce around resistance at $13.24 per bushel, and retest the support at $13.12. An ascending triangle looks like a top pattern, as it mainly consists of a wave 4 and a wave 5, the final two waves of a five-wave cycle. A break below $13.15-3/4 may trigger a fall into the $13.07-1/4 to $13.12 range, while a break above $13.24 could lead to a gain to $13.31-1/2. Wang Tao is a Reuters market analyst for commodities and energy technicals. Views expressed are his own. His analyses are exclusively published on the Workspace platform -- a London Stock Exchange product. * No information in this analysis should be considered as being business, financial, or legal advice. Each reader should consult their own professional or other advisers for business, financial, or legal advice regarding the products mentioned in the analyses. sx (Reporting by Wang Tao; Editing by Jochelle Mendonca) ((wang.tao@tr.com; +65 6973 8364 / 9188 4196 (Whatsapp)