Technicals-CBOT soybeans may end bounce at around $13.24

SINGAPORE, Sept. 24 (Reuters) - The CBOT soybean November contract SX26 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.