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After piercing below $2,468, cocoa pulled back, but failed to break above it, indicating the bearish sentiment is still very strong, and the following decline could be sharp. With a lower low at $2,376 touched on Nov. 25, chances are slim for cocoa to start a similar rebound as the one from the Nov. 22 low of $2,395 to $2,466. No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.