By Jim Wyckoff

  DOW JONES NEWSWIRES

NOVEMBER SOYBEANS


  November soybean prices Friday closed solidly lower, near the session low and
hit at a fresh five-week low. Prices also closed at a bearish weekly low close
on Friday. Prices also saw a downside "breakout" from a bearish descending
triangle pattern on the daily bar chart. Bears have gained fresh downside
near-term technical momentum and near-term chart damage has been inflicted. The
next upside price objective for the bean bulls is to push and close prices
above psychological resistance at $15.00 a bushel. The next downside price
objective for the bears is pushing and closing prices below psychological
support at $14.00. First resistance for November soybeans is seen at $14.50 and
then at $14.75. First support is seen at $14.30 and then at $14.15.

16.36 3/4 --- the contract high
15.28 

 10-day moving average
15.46 1/4 --- 20-day moving average
14.92 3/4 --- 40-day moving average
5.98 

 the contract low

DECEMBER SOYBEAN MEAL


  December soymeal prices Friday closed solidly lower, near the session low and
hit at a fresh five-week low. Prices also closed at a bearish weekly low close
on Friday. Bears have gained fresh near-term technical momentum as chart damage
has been inflicted recently. The next upside price objective for the bulls is
to produce a close above solid technical resistance at $400.00. The next
downside price objective for the bears is pushing and closing prices below
solid support at the July low of $360.00. First resistance comes in at $380.00
and then at $385.60. First support is seen at $370.00 and then at $365.00.

$431.90 --- the contract high
$403.30 --- 10-day moving average
$405.90 --- 20-day moving average
$383.10 --- 40-day moving average
$172.20 --- the contract low

DECEMBER SOYBEAN OIL


  December bean oil prices Friday closed solidly lower, near the session low
and hit at a fresh five-week low. Prices also closed at a bearish weekly low
close on Friday. Prices also saw a downside "breakout" from a bearish
descending triangle pattern on the daily bar chart. Bears have gained fresh
downside near-term technical momentum and near-term chart damage has been
inflicted. The next upside price objective for the bean oil bulls is pushing
and closing prices above solid technical resistance at 65.00 cents. Bean oil
bears' next downside technical price objective is pushing and closing prices
below solid support at 60.00 cents. First resistance is seen at 63.50 cents and
then at 64.00 cents. First support is seen at 62.50 cents and then at 62.00
cents.

74.00 --- the contract high
64.87 --- 10-day moving average
66.02 --- 20-day moving average
65.60 --- 40-day moving average
23.28 --- the contract low