In trading on Wednesday, shares of the PowerShares DB Base Metals Fund ETF ( DBB) entered into oversold territory, changing hands as low as $15.94 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 PowerShares DB Base Metals Fund, the RSI reading has hit 27.7 — by comparison, the RSI reading for the S&P 500 is currently 32.8. A bullish investor could look at DBB's 27.7 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), DBB's low point in its 52 week range is $15.27 per share, with $18.14 as the 52 week high point — that compares with a last trade of $15.94. PowerShares DB Base Metals Fund shares are currently trading down about 0.9% on the day.