SINGAPORE: The CBOT soybean November contract may bounce to $10.09 per bushel, as it has found a support at $9.96-1/4.

The support is provided by the 176.4pc projection level of an uptrend from $9.01.

The contract seems to have lost its bearish momentum around this support.

It may at least hover above this level for one day.

A weak bounce towards $10.09 may have been triggered.

A break below $9.96-1/4 could cause a fall into the $9.82 to $9.88-1/4 range.