For the past several days, stocks in the ethanol sector have been very bearish. With crude oil prices rising above $72.50 and Iran's recent oil threat, one would think that this speculation will once again rise these stocks as they have been doing for the past couple months. Well, this is not the case as exemplified by today's ethanol index results:

Symbol	Last Trade	Change	Volume	Market Cap
ADM	41.84 4:01PM ET	0.34 (0.82%)	4,457,700	27.38B
ANDE	95.44 4:00PM ET	5.48 (5.43%)	948,919	725.25M
GPRE	38.00 2:57PM ET	0.02 (0.04%)	7,700	164.16M
GSHF.OB	0.207 3:59PM ET	0.018 (8.00%)	791,153	22.18M
MGPI	26.85 4:00PM ET	0.64 (2.33%)	422,259	433.60M
OTD	1.32 3:59PM ET	0.10 (7.04%)	461,400	95.65M
PEIX	25.63 4:00PM ET	1.15 (4.29%)	3,397,801	805.99M
STKL	8.97 3:59PM ET	0.46 (4.88%)	576,970	510.52M
VRDM.OB	0.09 3:59PM ET	0.02 (16.67%)	10,255,106	22.48M
XTHN.OB	9.82 3:59PM ET	0.07 (0.72%)	158,390	258.47M
Get a snapshot of today's market action in Market Overview Not is all bad. Looking into my index, I find it that investors can find XTHN.ob to be optimistic from a technical analysis standpoint. It is one of the few that survived today's decline, and has been in the green for the past week: But most importantly I want to point out that in the recent days, XTHN.ob has formed a firm support level at around 9.40, at least we know this stock is not collapsing: