The adjacent chart shows the price movement of NCDEX soya oil 2-month continuous contract. For the last few sessions it is facing resistance near the key daily moving averages. Structurally it is poised for the next leg down. In the last session it has formed a bearish Belt Hold candle. Thus the agri-commodity is expected to fall towards the low of Rs.585.50. The equality target on the downside comes to Rs.565. On the higher side, the swing’s high of Rs.593.80 will act as a key resistance on a closing basis.