London coffee recovers on short-covering

London coffee futures were little changed on Tuesday as roaster buying and short-covering by small speculators countered negative pressure from fund selling, dealers said.
By 1115 GMT Liffe benchmark September contract had edged up by $1 to $662 a tonne after trading within a narrow range of $660 to $665.
Some traders say the market could rebound from recent losses with a small technical rally.
"There's anticipation there could be a bounce if the funds ease off...the market is looking oversold," one dealer said.
The September contract could hit support levels at $670 and $664, UK broker Sucden said in a report Tuesday, pegging resistance at $680.