Daily Support/Resistance can be used for longer term positions if you have a bias in a dirction.
Dec. Cotton
Resistance
1st-48.16
2nd-48.66
3rd-49.31
Support
1st-47.84
2nd-47.77
3rd-47.59
4th-47.00
Support is below yesterdays close and resistance is above it. You will sometimes see a gap up or gap down above or below these areas and then come back down or up through them. Resistance is meant to be broken and support does not always hold. Thats how the market moves up and down. Makes sense doesn't it?

Dec. Wheat
Resistance
1st-332.75
2nd-333.25
3rd-336.25
4th-337.75
Support
1st-330.00
2nd-329.00
3rd-326.75
4th-325.25
Some more Rules I like to see to trade Daily S/R is for the opening to be between 1st support and 1st resistance and after the open it moves in the opposite direction of the trade I want to take, before coming back thru the open and I will buy or sell a point or so above or below the 1s- support/resistance areas.
Oct. Sugar
Resistance
1st-9.75
2nd-9.85
3rd-9.96
Support
1st-9.64
2nd-9.55
3rd-9.42
Lets see what the markets do today. Don