By Jim Wyckoff

  DOW JONES NEWSWIRES

   NOVEMBER SOYBEANS


  November soybeans on Friday closed weaker and near the session low. Prices
are in a two-week-old downtrend on the daily bar chart as the bulls have faded
a bit and need to show fresh power soon. The next upside price objective for
the bean bulls is to push and close prices above solid technical resistance at
$10.57 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 $9.70 3/4 a
bushel. First resistance for November soybeans is seen at $10.00 and then at
Friday's high of $10.09 1/4. First support is seen at Friday's low of $9.89 1/2
and then at $9.75.

$15.57 1/2 --- the contract high
$10.13 3/4 --- 10-day moving average
$10.43 1/2 --- 20-day moving average
$10.21 3/4 --- 40-day moving average
$6.70 

 the contract low

   DECEMBER SOYBEAN MEAL


  December soybean meal on Friday closed slightly higher and nearer the session
low. Near-term technical damage has been inflicted in meal recently. Prices are
in a two-week-old downtrend on the daily bar chart. The next upside price
objective for the bulls is to produce a close above solid technical resistance
at $328.00. The next downside price objective for the bears is pushing and
closing prices below solid technical support at last week's low of $297.10.
First resistance comes in at Friday's high of $309.70 and then at $311.30.
First support is seen at Friday's low of $304.70 and then at $300.00.

$399.00 --- contract high
$312.50 --- 10-day moving average
$319.00 --- 20-day moving average
$307.60 --- 40-day moving average
$203.30 --- the contract low

   DECEMBER SOYBEAN OIL


  December soybean oil on Friday closed lower, nearer the session low and
scored a bearish "outside day" down on the daily bar chart. Prices are still in
a four-week-old downtrend on the daily bar chart. The next upside price
objective for the bean oil bulls is pushing and closing prices above solid
technical resistance at 38.88 cents. Bean oil bears' next downside technical
price objective is pushing and closing prices below solid technical support at
35.00 cents. First resistance is seen at 37.00 cents and then at 37.50 cents.
First support is seen at Friday's low of 36.71 cents and then at last week's
low of 36.51 cents.

70.00 --- the contract high
37.45 --- 10-day moving average
38.81 --- 20-day moving average
39.02 --- 40-day moving average
30.00 --- the contract low