By Jim Wyckoff

  DOW JONES NEWSWIRES


   NOVEMBER SOYBEANS

  November soybeans on Friday closed higher, nearer the session high and
closed at a bullish weekly high close. Bulls have regained the near-term
technical advantage. The next upside price objective for the bean bulls is  to
push and close November prices above solid technical resistance at the  August
high of $10.66 a bushel. The next downside price objective for the  bears is
pushing and closing prices below solid technical support at last  week's low of
$9.83 a bushel. First resistance for November soybeans is seen  at Friday's
high of $10.17 1/2 and then at $10.30. First support is seen at  $10.00 and
then at Friday's low of $9.91.
$15.57 1/2 --- the contract high
$9.81 1/4 --- 10-day moving average
$10.04 
-- 20-day moving average
$9.62 1/2 --- 40-day moving average
$6.70 
--- the contract low

  DECEMBER SOYBEAN MEAL

  December soybean meal on Friday closed higher, near the session high and
closed at a bullish weekly high close. Prices also set a fresh three-week  high
on Friday. Bulls have regained the near-term technical advantage. The  next
upside price objective for the bulls is to produce a close above solid
technical resistance at the August high of $320.00. The next downside price
objective for the bears is pushing and closing prices below solid technical
support at last week's low of $292.50. First resistance comes in at $310.00
and then at $315.00. First support is seen at $305.00 and then at $300.00.
$399.00 --- contract high
$292.50 --- 10-day moving average
$301.30 --- 20-day moving average
$292.00 --- 40-day moving average
$203.30 --- the contract low

  DECEMBER SOYBEAN OIL

  December soybean oil on Friday closed lower and nearer the session low.
Prices also closed at a bearish weekly low close. The next upside price
objective for the bean oil bulls is pushing and closing prices above solid
technical resistance at the August high of 39.70 cents. Bean oil bears' next
downside technical price objective is pushing and closing prices below solid
technical support at the August low of 36.00 cents. First resistance is seen
at 37.00 cents and then at 37.50 cents. First support is seen at Friday's  low
of 36.53 cents and then at 36.25 cents.
70.00 --- the contract high
36.86 --- 10-day moving average
37.48 --- 20-day moving average
36.05 --- 40-day moving average
30.00 --- the contract low