In trading on Tuesday, shares of the First Trust ISE-Revere Natural Gas Index Fund ETF ( FCG) entered into oversold territory, changing hands as low as $20.11 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.In the case of First Trust ISE-Revere Natural Gas Index Fund, the RSI reading has hit 29.2 — by comparison, the RSI reading for the S&P 500 is currently 34.9. A bullish investor could look at FCG's 29.2 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Looking at a chart of one year performance (below), FCG's low point in its 52 week range is $16.88 per share, with $24.12 as the 52 week high point — that compares with a last trade of $20.32. First Trust ISE-Revere Natural Gas Index Fund shares are currently trading off about 2.7% on the day.