NY Arabica coffee finished weak, on chart-based selling and a lack of near-term demand.
* May arabica coffee futures tumbled 3.55 cents to finish at $2.7345 per lb.
* Market fell on technical selling after failing to breach the 62 percent Fibonacci retracement level at $2.83, basis May, on Monday, indicating a short-term downtrend - traders.
* "Right now there's no short-term demand for coffee. There's coffee being offered in Central America and nobody's buying." - Nick Gentile, chief trading officer at Atlantic Capital Advisors in Jersey City.
* Market pressured by a lack of fund participation and roaster buying, although tight supplies were still considered underpinning the market in the long-term - traders.*******
