If you guys are looking for a contract that doesn't wait around and will let you know real quick if you are right or not, the CL is the place to be. So far this week the results are such that I can't even watch the ES much b/c I can't afford to miss a setup on the CL. I like quick and easy - either I am right or wrong and there's no waiting. If that suits you and your personality, the CL is one nice contract.
So far, 3 trades this morning at +125 pts net and working on a long position currently. 125 = $1250/CONTRACT. I would need 25 ES pts on a per contract basis to mimic that.
Seems to me that the risk/reward over here is far superior to that of any other futures contract, incl the big boys - ES, NQ, etc. Even though the CL could be viewed as more 'risky' b/c of the volatile moves, I would actually argue that it's less risky due to the phenomenal risk/reward ratios.