Yes, it's pointing Brazil!
That's my native country, and I am making the pencil as a pointer indicating more or less where it would be my home town, in this funny globe!
Gosh this has some awesome colour to it, but I'm still seeing just a pencil being used to point to something. There's no illusion to show me it's anything but a pencil.
the lighting on this shot is great, but i feel as though a different backround should be used. This one competes and takes away from the pencil because their color is so similar. other than that, nice pic.
I get two impressions from your image. The first is anger/frustration - so you stuck a pencil in the stress ball. The second is the pencil is suppose to be a push pin/tack? I like the off centered composition and the yellow gradation background.